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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 (30595)	1/1/2003 12:13:04 PM
From: foundation	Read Replies (1) \| Respond to of 196568

Interesting Hutch 3 comments from the 3G Newsroom Board: ========== Author: Insider Date: 12-23-02 11:24 As someone who was part of the December 4th cull when Hutchison made 80 of their marketing department redundant (out of a previous total of 220) I can tell you that things are not looking good from the inside. Leadership is poor, management is awful. The network is rarely live for more than a few hours at a time, the handsets are unstable and last for only half an hour on video calls. The quality of video calls and photos is shocking. Hutchison was given funding for 3 years in March 2001. That means they have till March 2004 to make it work with significant numbers of customers - enough to mean they can stand on their own two feet. They have a roaming agreement with O2 that allows you to go over to GPRS or GSM when out of 3's coverage. Sounds great till you find that the NEC handsets aren't built for GPRS - they can only go to GSM. The struggles facing 3 are all about getting the products working quickly. There is a general feeling that even if they work well who will take them? ========== Author: Insider Date: 12-31-02 22:41 Can't remember the cost from my time in Hutch, but bear in mind that in their original business plans they were expecting 261k subscribers by this very day. And how many do they have? Zero. All of us in Hutch joked that we were named 3 because it's aspirational for the number of stable handsets we'd have, or the number of subscribers, by the end of the year. Tell you what though, from the point when 3 says they have customers, their network depreciates by £20m per month. Bizarre isn't it. They're probably running at a cost not far from that figure while they have no customers, then they continue to have that cost from the point where they launch, in depreciation. ========== 3gnewsroom.com