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

To: Gregg Powers who wrote (11008)	6/1/1998 4:08:00 PM
From: 2brasil	Respond to of 152472

Mexico Prepares to Deploy Nationwide cdmaOne Networks cdmaOne Completes Dominant Position in North America COSTA MESA, Calif.--(BUSINESS WIRE)--June 1, 1998--Completing the dominant position of cdmaOne in North America, the CDMA Development Group (CDG) today announced that cdmaOne has captured Mexico's personal communications services (PCS) and wireless local loop (WLL) markets. Plans to deploy nationwide Mexican cdmaOne networks to a population of more than 94 million potential subscribers are underway with commercial service in major cities expected by first quarter, 1999. ''Mexico's overwhelming acceptance of cdmaOne is indicative of the technology's increasingly dominant position in the Americas,'' said Perry LaForge, executive director of the CDG. ''It simply makes sense for Mexico's telecommunications industry to adopt cdmaOne, especially since the technology offers WLL network operators the ability to provide superior capacity, unmatched flexibility and an easy path toward service differentiation. Furthermore, it is a natural synergy for Mexican telecoms as NAFTA participants, given cdmaOne's overall North American dominance.'' Mexico's latest nationwide network is being built-out by the Pegaso Comunicaciones y Sistemas consortium. The consortium cinched up nine licenses to provide nationwide PCS and WLL services. This consortium joins Baja Cellular and GTE Wireless in providing cdmaOne services in Mexico. The increasing presence of cdmaOne in Mexico allows for seamless roaming throughout North America Free Trade Agreement (NAFTA) signatory nations Canada, Mexico and the United States. Mexico is a key developing market in global telecommunications. Only one in 10 Mexican citizens currently has telephone service, a telecom density of 10 percent, according to the Yankee Group. Given Mexico's recent economic strength during the past few years, the country's telecommunications market is ripe for development. cdmaOne provides the best solution for PCS services and quick and superior WLL rollout for all markets. The CDMA Development Group (CDG) is a nonprofit trade association formed to foster the worldwide development, implementation and use of cdmaOne. The 100 member companies of the CDG included many of the world's largest wireless operators and equipment manufacturers. The primary activities of the CDG include development of cdmaOne features and services, public relations, education and seminars, regulatory affairs and international support. Currently there are more than 500 individuals working within various CDG subcommittees on cdmaOne-related matters. For more information about the CDG, contact Christine Bock of the CDG News Bureau at 714/540-1030, ext. 11, e-mail chrisbock@bockpr.com or visit the CDG website at cdg.org. -0- Note to Editors: cdmaOne is a trademark of the CDG. Contact: CDG News Bureau Christine Bock or Valerie Christopherson 714/540-1030 Fax: 714/540-1060 chrisbock@bockpr.com

To: Gregg Powers who wrote (11008)	6/1/1998 4:09:00 PM
From: dougjn	Respond to of 152472

Presumably Qcom has a poison pill in place. If so, and if its own internal business plans indicate much higher share prices in the future, Q's directors could probably defensibly refuse to be acquired. As you no doubt know, a poision pill makes it essentially impossible for a company to be taken over in a hostile offer -- unless the board changes its mind, or a court forces the board to do so. I would think that the Q has one of the best cases for refusing at current valuations. Of course, there is always a price. But perhaps it is much, much higher. Doug