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To: mmbw who wrote (39645)	2/22/2001 9:01:14 PM
From: FR1	Read Replies (2) \| Respond to of 54805

Any thoughts on QCOM? Down 25% in 10 days and tonight this: Thursday February 22, 6:17 pm Eastern Time Qualcomm says 3G roll-out delayed - FT LONDON, Feb 22 (Reuters) - The U.S. electronics company behind third generation mobile telephone technology, Qualcomm Inc, has said the roll-out timetable promised by European operators would be delayed by two years, the Financial Times reported on Thursday. The company's founder and chief executive, Irwin Jacobs, was quoted by a report on the FT's website as saying that third generation services currently in development were not likely to be commercially viable until late 2004 or early 2005. His comments are likely to increase concerns that European operators are being over-optimistic when they suggest third generation, offering new Internet and video services, will be ready for 2002 onwards. Jacobs' remarks echoed those made on Thursday by the head of Alcatel's mobile phone business, Michel Rahier, who told a Cannes mobile communications conference that third generation handsets were likely to reach the public in late 2003 or early 2004, a year behind forecasts.