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

To: Paul V. who wrote (120941)	6/25/2002 7:13:17 PM
From: carranza2	Respond to of 152472

No, it's wireless operations consist of re-sale, not operations per se. I don't know exactly how that works. It announced that it was getting out of the resale biz earlier this month. Take a look at this for a thumbnail sketch: telephonyonline.com WorldCom said yesterday that it plans to exit its five-year old wireless resale business. No timeline has been set for the move, but the company described it as a “multi-month” process. According to WorldCom, the unit resells service from the top two providers in each market, generating approximately $1 billion in annual revenues via 2 million subscribers. The business, however, has been loosing money due to slowing market growth, pricing pressure and customer acquisition costs. The company is currently evaluating possible exit strategies, including a sale of the business or its assets or a simple wind-down of operations. During this stage, a portion of the unit’s 2200 employees will be released. WorldCom has not announced how much money it expects to save or any charges it will take due to the move. --Toby Weber, Staff Writer ©