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

To: kech who wrote (6558)	12/17/1997 9:53:00 AM
From: Pierre	Read Replies (2) \| Respond to of 152472

From Reuters today re Europe stands meeting ... Sweden's L.M. Ericsson jumped 13 crowns to 301 crowns on Wednesday after a meeting of the European Telecommunications Standards Institute (ETSI) favoured a technology for future mobile phones advocated by Ericsson and Finnish rival Nokia . Nordic media said ETSI, grouping regulators, operators and equipment producers, voted for the Ericsson and Nokia standard in a test ballot, with the technology getting almost 59 percent support while a competing system from Siemens and Alcatel won 41.5 percent. Ericsson said it hoped for 70 percent next time. Ake Persson, Ericsson mobile systems marketing chief, said the Wideband CDMA system (WCDMA) could be the global standard. "We have hopes, or almost a belief, that support will go over 70 percent at the end of January. We will be working hard to achieve that majority," he told Reuters. ...

To: kech who wrote (6558)	12/17/1997 12:43:00 PM
From: Pierre	Read Replies (2) \| Respond to of 152472

While the asian problem may well have been overblown, I think the upcoming decision as to a European standard has significant implications. Europe is a closed shop as far a Qualcomm is concerned. Were it to open up, its a (from Qualcomm's perspective) virgin market. I understand the choice of wideband vs IS-95 hasn't been made, but recent news suggests its not going Qualcomm's way. How much of the European market potential is built into QCOM's current market price. I did note that QCOM gave back its early morning gains (2 points) on the news. Any thoughts as to impact if vote goes against QCOM? Pierre