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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (9286)	3/29/2001 8:59:50 PM
From: golfinvestor	Respond to of 197988

Chaz, Your points are well taken. As for your point of "no US company being safe", lets not leave out the fact that our beloved Q and Spinco maybe ripe for the picking when they split. It's pointless to speculate, but with most company's stock price down, the companies flush with cash look to be the prime candidates... Best regards, Golf

To: gdichaz who wrote (9286)	3/29/2001 11:49:59 PM
From: mightylakers	Respond to of 197988

Verizon seeks assurance from wireless partner By Richard Waters in New York and Dan Roberts in London Published: March 29 2001 23:41GMT \| Last Updated: March 29 2001 23:58GMT Verizon on Thursday sought assurances from Vodafone over the future of their US wireless partnership after reports of a rift between the two. Ivan Seidenberg, president and co-chief executive of the US telecoms company, called senior Vodafone executives to try to clear the air over Verizon Wireless, a venture in which Vodafone owns 45 per cent. The call was prompted by reports that the two had fallen out over Verizon Wireless' technology plans and the possibility that Vodafone would seek to take control of the wireless company, the largest mobile carrier in the US. Later, the two companies issued a joint statement calling the reports "mere speculation". Mr Seidenberg made clear that the US company had no intention of giving up control of the mobile carrier. "Wireless is a foundation of Verizon Communications' long-term strategy and brand development," he was quoted in the statement as saying. Vodafone gave up control of the US operation after agreeing to merge AirTouch, its own US business, with that of Verizon Wireless, creating what some analysts see as an uneasy relationship between former adversaries. A Verizon forerunner, Bell Atlantic, had lost out in the bidding for AirTouch a year before. "There may be some people [at Vodafone] who would love to control [Verizon Wireless]," said one person close to the US company. "But so what? That isn't what happened." Under their partnership agreement, Vodafone cannot gain control of the wireless venture without Verizon's consent, this person added. On Thursday, Vodafone denied it had briefed journalists about plans for a bid and said there was "not much truth" in reports it was preparing the groundwork. The two companies tried to play down the suggestion that Verizon Wireless' plans for third-generation mobile technology, announced last week, had driven a wedge between them. Verizon Wireless said that it would adopt CDMA2000, which is incompatible with the 3G technology being planned by Vodafone. The US company later partially backed down and said it had yet to decide definitively which technology to adopt. However, in a comment that appeared to point to the UK company's influence in the technology decision, Chris Gent, Vodafone chief executive, said: "The choice of any future technology will be made in the interest of both parties and with full awareness of the evolving technology trends in our industry."