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

To: engineer who wrote (30728)	1/4/2003 11:34:49 PM
From: Jim Mullens	Respond to of 196603

Engineer- As most have observed by now, my cup is ususally at least half full rather than half empty. I like your take better. VOD appears to have a great deal locked-in that would enable them to sell their 45% stake in Verizon Wireless at a price way above the current market value. They could then turn around and purchase the whole lot, stock, and barrell of AT&T or DT at a seemingly much lower relative price. Sarin could then exercise his CDMA knowledge and as you indicated install GSM1X over the whole show. I like your take better.

To: engineer who wrote (30728)	1/5/2003 1:19:31 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 196603

Reuters -- Vodafone Plans to Sell Verizon Stake. January 4, 2003 Vodafone Plans to Sell Verizon Stake By REUTERS Filed at 8:22 p.m. ET LONDON (Reuters) - Mobile phone giant Vodafone Group Plc (VOD.L) plans to sell its $20 billion stake in U.S. joint venture Verizon Wireless so it can fund a bid for complete control of a rival U.S. mobile operator, the Independent on Sunday said. The newspaper cited U.S. sources as saying Vodafone had shown an interest in two mobile operators: Voicestream, which is part of Deutsche Telekom (DTEGn.DE), and AT&T Wireless Services Inc (AWE.N), whose largest shareholder is Japanese operator NTT DoCoMo Inc (9437.T). Vodafone has an option to sell its 45 percent stake in Verizon Wireless to the majority shareholder, Verizon Communications (VZ.N). The newspaper put a $20 billion value on the option, saying the sale of the stake would provide the financing for any bid. Currently, Vodafone only has a minority position in the key U.S. mobile phone market -- a point considered one of the most pressing issues facing its incoming chief executive, Arun Sarin, when he takes over from Chris Gent in July. However, Vodafone told Reuters in December it had no intention of exercising its option and was happy with its current investment. The company was not immediately available for comment. Deutsche Telekom, which is struggling under a heavy debtload, has said it does not need to sell Voicestream Wireless to meet its debt targets. But its chief executive has also said he would be open to a merger of the unit at the right price. As for AT&T Wireless, main shareholder DoCoMo has come under pressure after the Japanese carrier said in October it would take a $4.7 billion writedown for the six months to September 30 on its investment in foreign operators. More than half of that figure was due to an impairment loss on its stake in AT&T Wireless. But DoCoMo also vowed to stand by its partners and said it would proceed with its overseas operations in line with its original strategy. Copyright 2002 The New York Times Company.