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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (11680)	3/19/2001 4:35:34 PM
From: mishedlo	Read Replies (1) \| Respond to of 13572

Thursday March 15, 8:57 am Eastern TimePress ReleaseSprint Announces Plans for Third Generation Launch At CTIA Wireless 2001 Conference Sprint PCS Prepared to be First U.S. Carrier to Bring 3G to Market Later This Year OVERLAND PARK, Kan.--(BUSINESS WIRE)--March 15, 2001--Sprint PCS (NYSE: PCS - news), the nation's largest all-digital, all-PCS nationwide wireless network, will announce plans to start rolling out its third generation (3G) technology to Sprint PCS customers later this year. Sprint PCS, in conjunction with its network infrastructure providers -- Lucent Technologies, Motorola Cellular Infrastructure Group (CIG), Nortel Networks and QUALCOMM -- will be the first to offer 3G wireless technology in the United States. Charles E. Levine, president of Sprint PCS, will unveil the company's plans at the upcoming CTIA Wireless 2001 Conference in Las Vegas on Tuesday, March 20 at the Venetian Hotel and Casino in the C2K Showroom. Demonstrations of applications running on a 3G1x technology, Sprint PCS' first phase of 3G, will also take place at the Lucent booth on the CTIA exhibit hall floor that afternoon. Levine will outline Sprint PCS' migration plans for 3G, as well as plans to introduce the technology to the Sprint PCS network later this year. Because Sprint PCS has built the nation's largest all-PCS network from the ground up based on CDMA technology, the network migration will be made with relative ease and much less expense than other wireless and technology companies. ``Sprint PCS is clearly leading the evolution to 3G with several critical advantages when it comes to its migration path and deployment of 3G,'' said Levine. ``The clarity, coverage and reliability of a single frequency network based on CDMA technology provide Sprint PCS with an unbeatable, clear and focused migration path to 3G. Ultimately, Sprint PCS will be able to provide faster, more robust wireless data services to its customers in a more timely, cost effective and efficient manner than any other wireless carrier.'' Sprint PCS' 3G1x technology will provide three major benefits to its customers: up to double the voice capacity, a tenfold increase in data speeds from 14.4 kbps to up to 144 kbps packet data, and increased handset battery performance life in standby mode by approximately 50 percent. All of these benefits will enhance the applications and services available today, and create opportunities for new and exciting applications as data speeds increase. ``While the rollout to the next generation of wireless services will be a gradual evolution, Sprint PCS has a network that was built with 3G in mind and an aggressive migration path,'' said Oliver Valente, chief technology officer for Sprint PCS. ``The introduction of 3G technology means faster data speeds and greater voice capacity. While 3G will enhance the applications we already have today, it also opens the door to a whole new set of future mobile applications and possibilities. And, based on recent announcements regarding delays and costs associated with transitions to W-CDMA, we expect to have a significant timing advantage, entering the market far earlier than most competitors.''

To: JRI who wrote (11680)	3/19/2001 4:40:26 PM
From: Boplicity	Read Replies (1) \| Respond to of 13572

That was a large order LU got this AM, right in the meat of what QCOM has been saying and is trying to do. I bought QCOM at 50 last week since it seems to be bouncing right around there, we will see after the fed reduction reaction. Speaking of which, Talk about zip anticipation till the last day! BEAS has been acting great as a trading stock, the 30 area has been good support. Greg

To: JRI who wrote (11680)	3/19/2001 5:03:54 PM
From: Boplicity	Respond to of 13572

Lucent Wins $5 Billion Order From Verizon Wireless Bedminster, New Jersey, March 19 (Bloomberg) -- Lucent Technologies Inc. won a $5 billion equipment order from the largest U.S. mobile-phone company, Verizon Wireless, which will use the gear for new services. Lucent's biggest wireless contract ever helped boost its shares 20 percent. Lucent rose $1.98 to $11.97 in New York Stock Exchange trading. It's fallen 82 percent in the past year. Verizon Wireless, a joint venture of Verizon Communications Inc. and Vodafone Group Plc, will use the equipment to offer faster Internet access and music and video transmission over cell phones. Wireless carriers have spent billions of dollars worldwide to buy licenses for such services to increase sales. They will invest as much as $751 billion in new networks for the services, the Shosteck Group research firm said in January. For Lucent, which has cut its profit forecast in four of the past five quarters, the order could help stop the decline in its shares, an analyst said. ``It's a good contract win for anyone,'' CIBC World Market analyst Steve Kamman said. ``It's particularly good news for (Lucent). It shows they're still making good products and still are strong in some high-growth areas.'' He rates Lucent shares a ``buy.'' More than 41.1 million Lucent shares changed hands, making it the sixth-most active stock in U.S. markets. The shares dropped as low as $9.85 on Friday, their lowest since September 1996. No Lucent Financing The equipment maker didn't lend Verizon money to make the purchase, Lucent spokeswoman Mary Ward said. Lucent had to reserve $340 million in the fiscal first quarter to cover potentially bad loans to smaller phone companies. As it fell behind in product development last year, Lucent gave customers discounts and aggressive financing to win contracts. Ending that practice contributed to Lucent's 26 percent drop in sales in the quarter ended Dec. 31, Chief Financial Officer Debby Hopkins said in January. Verizon Wireless, based in Bedminster, New Jersey, postponed its initial share sale in October because wireless stocks were falling. Shares of New York-based Verizon Communications rose $1.55 to $48.88. U.K.-based Vodafone's American depositary receipts rose $1.14 to $29.24. Verizon Wireless spokesman Jim Gerace declined to identify other suppliers that may have sought the contract. The company also buys network equipment from Nortel Networks Corp. and Motorola Inc., he said. Verizon buys about two-thirds of its wireless-network equipment from Lucent, Gerace said. Qualcomm Chips Lucent's contract with Verizon Wireless includes software and transmission equipment for cell-phone towers. The gear will help Verizon reduce its costs by using the Internet to transmit data. The equipment is based on chips and patents from Qualcomm Inc., which developed the ``code division multiple access'' mobile- phone standard. Qualcomm shares rose $7.88 to $58.19. Verizon Wireless won 113 U.S. wireless licenses in January with an $8.8 billion bid. The company said the new Lucent gear may double its network capacity and will boost data-transmission speeds nearly 10 times. It plans to put the equipment into use this year.<b/> last item in bold says it all. Greg

To: JRI who wrote (11680)	3/19/2001 5:09:58 PM
From: Boplicity	Read Replies (1) \| Respond to of 13572

Qualcomm Rises 16% on Optimism CEO Will Give Positive Forecast San Diego, March 19 (Bloomberg) -- Qualcomm Inc. shares rose 16 percent amid optimism that Chief Executive Irwin Jacobs will reiterate the mobile-phone chipmaker's positive forecasts when he speaks at an industry conference tomorrow, analysts said. The shares climbed $7.88 to $58.19 in the biggest percentage rise since Jan. 3. The stock has dropped 29 percent so far this year. Jacobs is scheduled to speak at the Cellular Telecommunications and Internet Association conference in Las Vegas. At analyst and shareholder meetings three weeks ago, Jacobs repeated Qualcomm's January forecast that demand for its mobile- phone chips was outstripping supply, and that the company would ship more semiconductors than in the prior quarter. ``People want to own some Qualcomm ahead of that meeting,'' said Mark McKechnie, an analyst at Banc of America Securities who has a ``buy'' rating on Qualcomm. ``You can expect Irwin to say something positive tomorrow.'' Also today, Verizon Wireless, the largest U.S. mobile-phone company, agreed to buy $5 billion of gear from Lucent Technologies Inc. for new wireless services. The equipment uses Qualcomm chips and patents. Analysts said the order wasn't a surprise. A spokeswoman for San Diego-based Qualcomm didn't immediately return calls for comment.