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

To: bananawind who wrote (11795)	6/25/1998 2:50:00 PM
From: Caxton Rhodes	Respond to of 152472

Electric & Gas Technology Finances QUALCOMM-Supplied Wireless Telecom System For the Democratic Republic of Congo PR Newswire, Thursday, June 25, 1998 at 14:32 DALLAS, June 25 /PRNewswire/ -- Electric & Gas Technology, Inc. (NASDAQ:ELGT) today announced that following completion of $2.5 million in financing by ELGT for African Telecommunications, Inc. (AfriTel), and additional financing by QUALCOMM Inc.(NASDAQ:QCOM), AfriTel will proceed with installation of the first cdmaOne(TM) (IS-95 Code Division Multiple Access) digital wireless local loop telephone system in sub-Saharan Africa. The state-of-the-art telecommunications system is expected to be operational in Kinshasa, Democratic Republic of Congo in late 1998. ELGT has executed an agreement to acquire 100% of AfriTel, which holds valuable communications licenses in the Democratic Republic of Congo and Ghana. AfriTel has a supply agreement with QUALCOMM for $70 million of equipment and services for the digital systems. S. Mort Zimmerman, President of ELGT, stated that, "The CDMA wireless local loop system will be even more technically sophisticated and modern as compared to any other part of the world, bringing Africa into state-of-the-art telecommunications. To have the privilege of working with a $2 billion company such as QUALCOMM is highly advantageous to ELGT and AfriTel." John Major, President of QUALCOMM's Wireless Infrastructure Division, said, "We are pleased to be working with ELGT to enable AfriTel to bring the highest quality telecommunications service to the Democratic Republic of Congo. Telecommunications development in sub-Saharan Africa is a key driver for economic growth, and we are proud to be participating in this project." ELGT has also supplied financing for satellite components purchased from Vitacom Corporation for its operations in conjunction with the Company's telecommunications projects. For fiscal year 1997, ELGT reported sales of $17,931,249 with earnings (including sale of a subsidiary) of $9,362,399 or $1.07 per share. Common stock is quoted at $2.80, reflecting a P.E. ratio of 2.6. ELGT's decision to diversify into the vast telecommunications industry was approved by the ELGT Board of Directors. A special stockholders meeting will be called pursuant to the filing of a proxy. The Board of Directors also anticipates a plan to spin off certain non-telecommunication assets of ELGT as a dividend to its stockholders, to be announced at a later date. 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 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 low-earth-orbit (LEO) satellite communications system. Other company products include the Eudora Pro 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 QUALCOMM's web site at (http://www.qualcomm.com). Electric Gas & Technology, Inc. was formed in 1985 to serve as a holding company for operating subsidiary corporations. These subsidiaries operate in three distinct business segments: water products, natural gas equipment and electrical equipment/meter enclosures. The company is dedicated to internal growth related to its atmospheric water technology in addition to growth through acquisition. This material was prepared by The Hawke Group, Inc. ("Hawke") for the Company discussed herein, based upon Company-supplied information or other sources believed to be reliable. The information is not guaranteed by Hawke for accuracy or to be all-inclusive. Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. This news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development and commercial implementation of products, as well as the other risks and details from time to time in SEC reports. This material is information only and is not an offer or solicitation to buy or sell the securities. Hawke, its affiliates, and/or its officers, directors and employees may from time to time have a position in these securities. SOURCE: Electric & Gas Technology, Inc. -0- 6/25/98 /CONTACT: Edmund W. Bailey, VP & CFO, Electric Gas & Technology, 972-934-8797; or The Hawke Group, 954-564-7114, or fax, 954-564-9848/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, extension 122170/ /Web site: hawkegroup.com Companies or Securities discussed in this article: SymbolNameNASDAQ:ELGTElectric & Gas Technology IncNASDAQ:QCOMQualcomm Inc

To: bananawind who wrote (11795)	6/25/1998 3:03:00 PM
From: Caxton Rhodes	Respond to of 152472

Stepping Stone To 3G Could Prove Stumbling Block By Jeremy Scott-Joynt 25-JUN-98 The ongoing argument over third generation mobile standards has taken a further twist with the announcement of high-speed data solutions for all three of today's main digital phone systems. ÿÿÿÿÿÿ Lucent promised that by late next year it would have data services capable of carrying information at between 144 and 300kbps available for cdmaOne networks. ÿÿÿÿÿÿ According to Scott Erickson, the company's Asia-Pacific vice president of wireless networks, the developments are a modification - backwards compatible, of course - of the existing cdmaOne standard. ÿÿÿÿÿÿ It constituted, he said, a kind of "two-and-a-half G" which both manufacturers and operators were relying to boost data takeup ahead of the introduction of 3G. ÿÿÿÿÿÿ And Ericsson, a key player in GSM and a pioneer in the 3G wideband CDMA air interface, said it had demonstrated in public a 384 kilobit per second multimedia service over a GSM network. ÿÿÿÿÿÿ Ericsson's solution to boosting GSM networks' capabilities - presently still mired at 9.8kbps - is EDGE ("enhanced data rates for GSM evolution"), which is intended as a stepping stone to fully-fledged 3G networks requiring the minimum of network adaptation on the part of operators. ÿÿÿÿÿÿ Following an announcement late last month, the European Telecoms Standards Institute (ETSI), the lead body for GSM standardization, reached an agreement with the Universal Wireless Communications Consortium - which oversees the evolution of the third digital standard, IS-136 or US TDMA - to jointly select EDGE as their stepping stone to 3G. ÿÿÿÿÿÿ This means that two out of the three now share an upgrade path. It also shows a solution has been found to one of the key 3G problem areas - how to combine, or at least interconnect, the two different network architectures: the GSM map network on the one hand, and the IS-41 network used by both cdmaOne and IS-136 on the other. ÿÿÿÿÿÿ But although the 2.5G developments are taken by their vendors as showing the way to 3G, some others - especially operators - say that EDGE and fast cdmaOne could paradoxically close the door on 3G rollouts. ÿÿÿÿÿÿ As Neil Montefiore, ceo of Singapore's Mobile One, told Total Telecom this week, operators are put off by the overly political infighting going on between the 3G standards lobbies, and in any case find it hard to see why anyone would need more than 300-odd kilobits per second. The 2.5G systems, he said, would probably suffice. ÿÿÿÿÿÿ The squabbling is thrown into sharp relief by arguments ongoing in the US, where the FCC and the State Department are trying to decide which 3G standards to put forward for the International Telecom Union's IMT-2000 3G certification process. ÿÿÿÿÿÿ The deadline is June 30, and the cdmaOne lobby is working hard to try to have GSM and thus W-CDMA shut out of the equation on the basis, so the lobby claims, that Europe's standards process is a "restraint of trade". ÿÿÿÿÿÿ QualComm in particular is lobbying against GSM and in favor of government support for US vendors. ÿÿÿÿÿÿ Meanwhile, though, the North American GSM Alliance is busily throwing earlier comments from the CDMA Development Group (CDG) back in its face, in an attempt to make sure W-CDMA stays on the State Department's agenda. ÿÿÿÿÿÿ Claiming that it wanted to let the marketplace decide - exactly the wording used in previous QualComm and CDG statements - the alliance's chairman and the ceo of GSM operator Aerial Communications, Don Warkentin, said that shutting out GSM would be "an abuse of government power". ÿÿÿÿÿÿ "To be blunt," he went on, "the Department of State and the FCC have no business tilting the competitive playing field by favoring one US company over another US company investing in another technology."