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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Cooters who wrote (88619)	12/1/2000 1:57:12 PM
From: CAtechTrader	Respond to of 152472

Relative Strength Alert: QCOM is actually UP for the week....think about that.

To: Cooters who wrote (88619)	12/1/2000 2:00:29 PM
From: William Hunt	Respond to of 152472

cooters ---on the NT comments---Would think this is positive for the "Q" also : Dec 01,2000 Canada's Nortel Networks Wins Pact From AT By Mark Heinzl Staff Reporter of The Wall Street Journal AT&T Wireless Group Corp., armed with a cash infusion from NTT DoCoMo Inc., tapped four telecommunications-equipment suppliers to build the wireless operator's next-generation national U.S. network and handed Canada's Nortel Networks Corp. a significant piece of the business. Terms of the new contracts weren't disclosed. Lucent Technologies Inc., Finland's Nokia Corp. and Sweden's Telefon AB L.M. Ericsson will supply AT&T Wireless with equipment and services for the new network's base stations. Nortel was awarded the core networking portion of the contracts, which analysts described as a coup for the Brampton, Ontario, equipment vendor. "It's significant because this is traditional Lucent territory," said Jim Kedersha, an analyst with Adams, Harkness & Hill in Boston. Lucent, of Murray Hill, N.J., has long provided AT&T's wireless operation with equipment, but Nortel about a year ago began making inroads by supplying gear in the western U.S. In 4 p.m. New York Stock Exchange composite trading Thursday, Nortel rose $1.94, or 5.5%, to $37.44, even as many tech stocks continued to slide. AT&T Wireless, Basking Ridge, N.J., is building a Global System for Mobile Communication network, which allows high-speed data transmission to cell phones and other wireless devices. The network is expected to evolve into a Universal Mobile Telecommunications Service standard, which can transmit capacity required for high-bandwidth applications such as Web surfing and downloading music. The next-generation wireless network is initially being built in the U.S., and international expansion will follow eventually, a company spokeswoman said. Frank Plastina, president of Nortel's wireless Internet unit, said Nortel will provide technology it gained in the acquisitions of Shasta Networks and Alteon WebSystems. Nortel beat out Lucent, Nokia and Ericsson for the core-network portion of the contracts but lost out to those companies on the base-station segment, Mr. Plastina said. Nortel's contract shows its expertise in Internet protocol and optical networking is increasingly being deployed in the core of wireless networks, analyst Mr. Kedersha said. NTT DoCoMo, the wireless unit of Japan's Nippon Telegraph & Telephone Corp., Thursday agreed to acquire a 16% stake in AT&T Wireless for $9.7 billion as part of move to bring its mobile-phone technology to the U.S. AT&T Wireless will keep most of the investment, while its parent, AT&T Corp., of New York, will keep the remainder. AT&T plans to spin off its 85% stake in AT&T Wireless next year. BEST WISHES BILL