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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Dexter Lives On who wrote (120576)	6/17/2002 7:32:53 PM
From: Kayaker	Respond to of 152472

It's not like 1x is some huge advance; it will offer nothing practical that I can't already do on my blackberry. Hey, that's cool! I didn't realize those Blackberries have GPS, integrated digital cameras, color screens, operate at 70 kbps, and increase carrier capacity by 70%. Ah, but those Canadians, they're a sharp bunch, eh?

To: Dexter Lives On who wrote (120576)	6/18/2002 3:17:13 PM
From: cfoe	Read Replies (1) \| Respond to of 152472

and watch FON/PCS crumble under its debt load. Since this is the QCOM thread, I thought I would ask the following question. If FON/PCS should default (or approach same) and need to go Chapter 11, how would this affect QCOM? Wouldn't any reorganization keep the company operating? With no interest and debt payments due on its existing debt, cash would be freed up for aggressive marketing and price incentives to customers. With future lenders in a preferred position, could PCS still have access to whatever capital it needed for continued expansion? Given wireless (i.e., PCS) would be the jewel among FON's assets, wouldn't it sit in a fairly secure position in terms of going forward? Maybe AWE and Cingular should worry about a PCS freed from current debt load. Of course none of this would be good for current equity holders and probably not so good for current debt holders. However, I would be a buyer of an "after-default" PCS with a pure, upgraded CDMA system. Now if I could just buy that now <ggg>.

To: Dexter Lives On who wrote (120576)	6/18/2002 6:25:57 PM
From: qveauriche	Respond to of 152472

Robv- I think carranza has a point. As John Legere said on CNBC the other night ," In telecom, you're either restructuring or competing with those who have." Ch. 11 may well be the end for the existing PCS equity, but the PCS 1X network will stand or fall on the basis of its own merit.Given the capex advantages PCS already enjoys, I don't think the guys who run AWE would view the restructuring of PCS as a positive. Conversely, should AWE file, the best interests of creditors rather than the biases of Rod Nelson will determine AWE's technology choices. I think we can at least agree that a bondholder's or creditor's committee is more likely to switch AWE over to GSM1X than AWE's existing management.