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To: 16yearcycle who wrote (121145)	3/21/2001 7:13:48 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> Everyone else is going to be destroyed. A lot of portfolios are wiped out already. I wonder if there will be a second wave of selling due to fund withdrawals ? I have the impression that the selling lately is driven by hedge funds shorting. Generally the mornings are up (individuals waking up optimistic), followed by afternoon sell off, which is usually professionals. Anyway, yesterday was a sure sign to me that the speculators are not strongly committed either way. And so I am not worried by the selloff. I think we're going to have strong rallies and strong crashes even more frequently than last year.

To: 16yearcycle who wrote (121145)	3/21/2001 11:12:23 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Ek, don't give up on QCOM. They are the best thing going over in Las Vegas. Qcom is only 2 points under what I paid for it last. What a miracle! >March 21, 2001 LAS VEGAS -- The battle over next-generation wireless phone networks is heating up and, for now, Qualcomm is winning the public relations war with announcements of high-profile rollouts in Korea and the United States. Verizon and Sprint reaffirmed their third-generation, or 3G, plans in the United States this week. On Monday, Verizon said it was going to spend $5 billion this year on 3G networks, and Sprint detailed its own 3G rollout strategy yesterday. Also, Korea Telecomm Freetel's announced yesterday that it would launch a Qualcomm-based 3G network in the second quarter of 2002. The news is good for Qualcomm, as all of the networks will be based on the company's flavor of 3G technology called code division multiple access (CDMA2000). CDMA2000 is competing with W-CDMA, or wideband code division multiple access, which is favored by the European and Asian carriers. But in recent weeks, Qualcomm has dictated the dialogue on the future of 3G. "Things are moving quite rapidly in the United States," CEO Irwin Jacobs said. Perhaps even more important for Qualcomm's 3G position is the Korea Freetel announcement because its operating license is for W-CDMA. A Korea Telecomm Freetel official said the company would move to W-CDMA when that technology was ready. But W-CDMA's readiness is an open question, said Jacobs, who reiterated his belief that W-CDMA will experience delays. Much has been made of these next-generation networks, which promise an international standard that allows cell phones to work anywhere.