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


To: JMD who wrote (9160)3/10/1998 8:01:00 AM
From: qdog  Respond to of 152472
 
Get use to curry!!!!

QUALCOMM Plans to Open International Corporate Center in Chennai, India

PR Newswire - March 10, 1998 07:36

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Center to Provide Regional Customer Support, Deployment Services
and Software Development

SAN DIEGO, March 10 /PRNewswire/ -- QUALCOMM Incorporated (Nasdaq: QCOM)
today announced plans to open an International Corporate Center in Chennai,
India to support a variety of business efforts, including software
development, training, regional customer support and deployment services.
"Our goal in opening QUALCOMM's first International Corporate Center is to
better meet the needs of our customers in the region, as well as to focus
additional research and development resources on our wireless network planning
and deployment solutions," said Dr. Irwin M. Jacobs, chairman and CEO of
QUALCOMM. "Our choice of Chennai as the location represents our continuing
commitment to investing in India, where QUALCOMM has had operations for more
than four years, as well as our determination to continually improve the
quality and accessibility of our products and services to customers
worldwide."
"We are confident that our decision to open this facility will be
beneficial to QUALCOMM, our customers and to the city of Chennai," added
S. Rajan, general manager of the Chennai International Corporate Center for
QUALCOMM. "The International Corporate Center is scheduled to open in June of
this year and we anticipate expanding the facility to employ close to 100
employees by year end."
QUALCOMM is expanding development efforts to support QEDesign(R), the
Company's wireless network planning and system optimization software, and the
QCTest(TM) family of CDMA network optimization tools. Software development
for these products will now be located at the Chennai center.
QEDesign, developed by QUALCOMM, provides operators with a sophisticated
software solution for design and performance simulation of CDMA wireless
systems, resulting in highly accurate and resource-efficient radio network
designs. QEDesign is used internally at QUALCOMM to design CDMA networks for
customers, and is sold externally to CDMA-focused operators around the world.
QUALCOMM's extensive line of QCTest products was specifically developed for
CDMA over-the-air testing and analysis.
QUALCOMM's comprehensive training program, known as "CDMA University(SM)",
will be offered at the International Corporate Center, making it easier for
QUALCOMM's customers in the region to provide training to their staff. The
program provides a complete education in the theoretical and working
principles of QUALCOMM's Code Division Multiple Access (CDMA) technology.
Designed for engineers, technicians and managers, these courses prepare
operators for successful installation, optimization, operation and maintenance
of CDMA systems.
In addition, the International Corporate Center will be staffed with
skilled engineers and customer service representatives providing round-the-
clock technical support and customer service to regional customers. The
engineering team will also perform hardware and software repairs, and will
manage a spare parts depot to provide faster turn-around time for customers.
Extensive deployment resources will also be based out of the center,
including CDMA engineers skilled in installation and optimization, experienced
project managers to support the customer base, and network planning engineers.
Field engineering, project management and network planning services will be
offered to support business units in the region.
The International Corporate Center represents an expansion of QUALCOMM's
training, deployment and customer support services, which are currently based
out of the Company's headquarters in San Diego, Calif. Site selection and
staffing needs for the Chennai center are currently being determined.
QUALCOMM is the supplier of India's first commercial CDMA wireless local
loop (WLL) system, operated by Mahanagar Telephone Nigam Limited in New Delhi,
India. QUALCOMM has emerged as a leader in the WLL arena with agreements to
deploy CDMA systems in North America, South America, Asia, Eastern Europe and
Africa.
Headquartered in San Diego, QUALCOMM develops, manufactures, markets,
licenses and operates advanced communications systems and products based on
its proprietary digital wireless technologies. The Company's primary product
areas are the OmniTRACS(R) system (a geostationary satellite-based, mobile
communications system providing two-way data and position reporting services),
CDMA wireless communications systems and products and, in conjunction with
others, the development of the Globalstar(TM) low-earth-orbit (LEO) satellite
communications system. Other Company products include the Eudora Pro(R)
electronic mail software, ASIC products, and communications equipment and
systems for government and commercial customers worldwide. For more
information on QUALCOMM products and technologies, please visit the Company's
web site at qualcomm.com.
Except for the historical information contained herein, this news release
contains forward-looking statements that are subject to risks and
uncertainties, including timely product development and commercial
implementation of the Company's products, as well as the other risks detailed
from time to time in the Company's SEC reports, including the report on Form
10-K for the year ended September 28, 1997 and most recent Form 10-Q.

QUALCOMM, OmniTRACS, QEDesign, Eudora and Eudora Pro are registered
trademarks of QUALCOMM Incorporated. CDMA University is a service mark of
QUALCOMM Incorporated. QCTest is a trademark of QUALCOMM Incorporated.
Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated.

SOURCE QUALCOMM Incorporated
/CONTACT: Michelle French, Infrastructure Media Relations, 619-651-2366,
fax: 619-651-2622, mfrench@qualcomm.com, or Christine Trimble, Corporate
Communications, 619-651-3628, fax: 619-651-2590, ctrimble@qualcomm.com, or
Julie Cunningham, Investor Relations, 619-658-4224, fax: 619-651-2590,
juliec@qualcomm.com, all of QUALCOMM/
/Web site: qualcomm.com
(QCOM)



To: JMD who wrote (9160)3/10/1998 9:39:00 AM
From: Valueman  Read Replies (1) | Respond to of 152472
 
Iridium's choice of TDMA was considered brilliant(by them) at the time. They were granted sole use of this band, thinking they had shut out G*. It could have been, but Loral made the truly brilliant move of going with CDMA. Iridium still thought they had 'em because the other systems were also going to have to share the CDMA bandwidth. Then they started dropping out(no more Odyssey), and G* is first to market by a year or two--another perfect execution by G*. So, Iridium's hoped-for lock on celestial frequencies has been dashed. If you could have seen how bitter the Iridium rep was on the stage with the G* exec, you would have seen just how frustrated they really are.



To: JMD who wrote (9160)3/10/1998 12:44:00 PM
From: Gregg Powers  Read Replies (2) | Respond to of 152472
 
Michael:

When people start talking about first, second, third or tenth generation, and spouting techno babble about IS-136 or GSM or CMDA, it's easy to forget why CDMA exists. Capacity gains from IS-136 are barely exceeding 2x analog and offer miserable voice quality as a bonus. GSM is more robust and technically mature, and may actually reach 3x analog in certain deployments--but, let's face it, GSM's current air interface is inferior to its network architecture (hence the opportunity to do a CDMA overlay). Right out of the box, CDMA achieved 6x-10x analog, and the metrics are improving steadily. Bottom line: you might teach a pig to dance, but in the final analysis, you don't get a ballerina, you get a dancing pig....

Motorola's engineers understand the physics and the long-term economic differential between TDMA-based Iridium and CDMA-based Iridium. Conceptually, it's really that simple. MOT's CDMA implementation has struggled with software issues and certainly lagged Lucent's and Nortel's, so its not surprising that MOT's first iteration was based on tried and true internally developed technology. But, in a capital intensive business, cost-per-minute will ultimately drive economics and service marketability. I suspect that this reality is motivating the new thought process at Motorola.

People to think in bi-polar terms; either GSM wins or CDMA wins; coexistence is futile. But remember, only recently have certain operators really throttled back on analog investment. Technology cycles take longer to play out than most pundits predict--look how long people have been expecting the death of the mainframe computer. CDMA is more spectrally efficient than TDMA, the cost of CDMA equipment continues to decline, implementation alternatives are expanding, and the technology will gain marketshare steadily over time. The inevitabilities attached to this analysis are the basis of an excellent long-term investment in Qualcomm. In the short-term there will be ups, downs, surprises good and bad, and people panicking in and out of the stock. I know a lot about this psychology, having invested in Microsoft's IPO. In the early days, pundits were constantly predicting what IBM (or DEC or fill-in-the-blank) was going to do to eliminate the company's DOS franchise. During this period, some pretty sexy "story stocks" came and went, but MSFT remained the only hundred-bagger in the group.

Best Regards,

Gregg