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

To: foundation who wrote (11098)	5/30/2001 8:20:28 AM
From: Jon Koplik	Respond to of 196568

Text of Private Capital Management buyout news. 05/29/01 22:11 Legg Mason Agrees to Buy Private Capital Management (Update1) By William Selway Baltimore, May 29 (Bloomberg) -- Legg Mason Inc. agreed to pay as much as $1.38 billion to buy Private Capital Management L.P., a closely held investment firm that manages more than $8 billion for wealthy individuals and institutions. Legg Mason will pay $682 million when the purchase closes plus two additional payments based on the firm's performance three and five years later, Legg Mason said in a statement distributed by PR Newswire. The total won't exceed $1.38 billion. The purchase will give the Baltimore-based investment firm an asset management business that has delivered a 24 percent annual return since 1986 as its clients swelled from one family to approximately 1,500 individuals, families and institutions. In the five years ended Dec. 31, Private Capital's revenue has risen at an annual rate of 48 percent. The Naples, Florida-based firm will operate as a subsidiary of Legg Mason and will be managed by its current chairman and chief executive, Bruce Sherman, and Gregg Powers, its president. Sherman and Powers have agreed to sign long-term employment contracts to manage the company, Legg Mason said. Legg Mason expects the purchase to add to its per-share earnings in the first year of joint operations. Legg Mason fell $1.18 to $47.57. Company officials couldn't be reached to comment. © 2001 Bloomberg L.P. All rights reserved

To: foundation who wrote (11098)	5/30/2001 8:25:31 AM
From: foundation	Read Replies (1) \| Respond to of 196568

Korean CDMA2000 1x System Sweeping Across U.S. By Lee, Eun-yong Wednesday, May 30, 2001 A Korean 2.5-generation mobile phone (cdma2000 1x) system is pounding the very market where synchronous mobile communication originated - the U.S. As Samsung Electronics and LG Electronics have established themselves in the cdma 1x system market in the U.S., currently undergoing a generation change (from second to third) in mobile communications, the outlook for the export of 1x terminals is looking rosier. LG Electronics (chaired by Gu Ja-hong, lge.com) announced on May 29, that it has cut a supply deal with a U.S. high-speed wireless Internet service operator, Monet Mobile Networks, to supply 50 million dollars worth of cdma2000 1x technology over the next 3 years. This marks the largest export volume of domestic cdma2000 1x systems in a single contract. Initially, the two sides are to set up the system in the central region, such as the Dakotas, by the second half of this year, prior to the launch of local commercial services scheduled for December this year. The domestic business is drawing attention as it plans to introduce an upgraded cdma2000 1x model, EV (Evolution)-DO (Data Only) in the local market by the first half of next year. Earlier, Samsung Electronics (chaired by Yun Jong-yong, sec.co.kr) secured a 22 million dollar export contract with the largest U.S. PCS (personal communication service) operator, Sprint PCS. The local company plans to launch an early form of its third mobile communication (IMT2000) commercial service from this coming October, using the cdma2000 1x system. As the domestic next-generation mobile communication systems continue to penetrate the North American market, expectations are also rising regarding the export of 2.5-generation terminals. LG Electronics is already planning to ship the first of a total of 200,000 to 300,000 cdma2000 1x terminals, to the U.S. Varizone Wireless, in August or September this year. Samsung Electronics also expects to provide Sprint PCS with 1x terminals within the year. "We plan to steadily secure data service business licenses in the U.S. so as to become a nationwide service operator. This will lay the groundwork for system exports in the future" said Park Jeong-geon, vice CEO of LG Electronics. "Our goal is to provide the equipment to all of the synchronous mobile communication service operators in the U.S. market," he added. etienglish.com

To: foundation who wrote (11098)	6/1/2001 7:59:21 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 196568

In only six months. >>A Korean think tank on the next-generation telecommunication industry issued a report on CDMA W-CDMA, and earlier forecast a market share breakdown of 80 to 20 in favor of W-CDMA, has revised an early focus on market share to 60 to 40 in favor of W-CDMA. << That's odd. This Investment Research white paper put out by the repected Dundee Securities Corporation a1968.g.akamai.net put out just last December states "By 2002, with 1 Billion worldwide subscribers, we estimate the number of subscribers that will be evolving towards W-CDMA will be 94% versus cdma200's 6%." What a difference six months makes!