Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: grinder965 who wrote (14016)	8/16/2001 11:09:13 PM
From: pcstel	Read Replies (3) \| Respond to of 197473

Grinder: Strategically, NextWave can become the straw the breaks the camels back in North America and, if successful, will have profound affects on the speed with which 3G is adopted globally. But, according to NextWave Chairman and Chief Executive Officer Allen Salmasi ``We're very close, we have the bulk of (preferred stock) either fully subscribed or being negotiated right now,'' Salmasi said in an interview after making a presentation to Wall Street analysts. ``We are finishing those (debt) arrangements and...we're hoping as early as tomorrow or early next week'' to announce the agreements, he said, but declined to identify the parties involved. It does not appear that if Qualcomm's decided to stay out of the "investment side" of Nextwave.. That the probability of the success of Nextwave would be in question... In other words.. Qualcomm's investement would not "make or break" Nextwave.. (unlike Globalstar).. So Qualcomm is now helping fund a competitor of the other CDMA operators.. Just as Qualcomm got smart and detached themeselves from competing against Infrastructure and UT manufactures.. I think they should stay away from funding new CDMA operators in established CDMA markets.. They can invest in New CDMA markets all they want to... Just think it's a bad idea.. PCSTEL