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To: Dealer who wrote (9430)	10/24/2000 8:46:25 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

QCOM--Korea not to force telcos on 3G technology -paper SEOUL, Oct 24 (Reuters) - South Korea will not force telecom companies to adopt technology developed by U.S. Qualcomm (NasdaqNM:QCOM - news) for third-generation mobile services, a local daily reported on Tuesday. The Maeil Business Newspaper said in its early Wednesday edition that the Ministry of Information and Communication has given up pushing bidders to switch their preference to Qualcomm's cdma2000 from W-CDMA developed by Nokia and Ericsson . Information Minister Ahn Byung-yub last week met the representatives of three telecom companies expected to bid for 3G licences, but failed to persuade them to adopt cdma2000, it said. Ministry officials said they could not confirm the report. ``It's too early to say the ministry has given up offering Qualcomm's version for telecom firms as nobody knows which standard they would opt for in the end,'' a ministry official in charge of the 3G licensing process told Reuters. The ministry recently demanded that two competing platforms be adopted for the 3G service in the face of strong protests from local telecom equipment manufacturers, including Samsung Electronics . Korean equipment makers are keen on supplying cdma2000 handsets, based on models they already produce. But the three carriers -- SK Telecom , Korea Telecom and LG Telecom -- all said they preferred W-CDMA, which has a larger global subscriber base. The three companies are expected to submit their applications favouring W-CDMA beginning Wednesday through October 31. Minister Ahn earlier said only two carriers would be allowed to adopt W-CDMA if they chose in the 3G screening due at yearend, but the government would then hold a follow-up auction to find a cdma2000 carrier, probably by next March.

To: Dealer who wrote (9430)	10/31/2000 8:32:09 AM
From: Dealer	Read Replies (2) \| Respond to of 65232

<FONT COLOR=BLUE>MARKET SNAPSHOT: 8:17 Markets look to gain at the open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:17 AM ET Oct 31, 2000 NEW YORK (CBS.MW) - The broad market is poised for some modest gains at the start of trading Tuesday with technology issues also perking up. Market participants have been rotating into cyclical issues and out of technology in recent sessions, giving the Dow Industrials a nice 4.4-percent gain in three straight sessions of advances. The Nasdaq, home of many technology stocks, hasn't been so lucky and has seen 2.5 percent of its value lopped off over the past three sessions. December S&P 500 futures gained 1.80 points, or 0.1 percent, and were trading roughly 3.40 points above fair value, according to HL Camp & Co. Nasdaq futures, in the meantime, were trading up 40.50 points, or 1.3 percent. Among shares seeing activity before the official opening bell, Cisco Systems (CSCO) inched up 19 cents $48.25 in Instinet dealings. The stock was hard hit on Monday, losing as much as 10.7 percent at its nadir, effectively frustrating Nasdaq attempts to gain some ground. Turning to the bond arena, prices clung to the flat line, with the 10-year Treasury note up 1/32 to yield ($TNX) 5.70 percent while the 30-year bond erased 3/32 to yield ($TYX) 5.76 percent. Tuesday will see the release of October consumer confidence, seen coming in at 140.2, and September new home sales, expected at 888,000. View Economic Preview, economic calendar and forecasts and historical economic data.