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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (1770)	6/25/1998 7:19:00 AM
From: Caxton Rhodes	Read Replies (2) \| Respond to of 5390

Excerpt from Reed Hundt's speech to CDMA World Congress: Former FCC Chairman Reed Hundt Delivered Poignant Comments to Support Global Harmonization on Third Generation Wireless Standard at Third Annual CDMA World Congress in Singapore Business Wire - June 24, 1998 09:19 As many of you know, QUALCOMM has developed, tested and reported results of a GSM/CDMA hybrid system in Europe. The results point to a clear path for nations to move toward a harmonized 3G cdmaOne standard. Based on the results, it would seem attractive to any incumbent GSM operator -- particularly those operators seeking greater spectral efficiency due to growing markets. All this must be proved in the marketplace. To make that marketplace competition work, however, European governments must assure all operators that experimentation with this new technology will not jeopardize their chances of new 3G spectrum. With its huge unemployment and difficulties in promoting innovation and entrepreneurship Europe should be just the place where enlightened governments simply welcome marketplace forces as the way to select technologies. Europe should be just the place, given its challenges and opportunites, where governments should say they are getting out of the standards business. Instead European governments, pressed by certain powerful firms, want more than ever to make wireless standards their special business. Instead, the European direction is again to have governments control technological change, to limit competition in the market, and to focus not on consumers or cost efficiencies but instead on short-term business advantage. This isn't consistent with the spirit or meaning of the WTO telcom agreements; it is not fair; and it will not in the long run beneift the businesses of Europe.