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To: Ramsey Su who wrote (12158)	7/9/1998 12:39:00 PM
From: Jon Koplik	Respond to of 152472

Ramsey - with the warning that I do not have the knowledge on this stuff the way I think I do on other topics ... it seems to me that if it is HUGELY in the interest of entities like QCOM, LU, MOT, etc. (not to mention Mexico and Mexican businesses) to get Mexico built out with a nice, new CDMA infrastructure, then I would assume that the financing for it WILL somehow be available. Jon.

To: Ramsey Su who wrote (12158)	7/9/1998 2:16:00 PM
From: Gregg Powers	Read Replies (1) \| Respond to of 152472

Ramsey: Without having read the newspaper article I am obviously at something of a disadvantage. Nevertheless, I would argue that while the problems may be similar, the magnitudes are quite different. Japan's bubble economy (circa the late 1980s) created a degree of real estate and financial asset froth the likes of which have NEVER existed in Mexico. At one point, for example, Tokyo's roughly 4000 square miles of real estate (then with a population of 8mm) implicitly had a value greater than the state of California (160,000 sq.miles and 31mm people). At the same time, the stock market traded at north of fifty times earnings and Japanese "investors" were paying ungodly prices for trophy real estate worldwide (remember Rockefeller Center deal). At the same time, corporate cross ownership led to excess excess capital investment in unnecessary industrial capacity within Japan and throughout the Asian tigers. Mexico certainly suffers from its share of political corruption and handshake lending, but it has several major advantages over Japan. First, and foremost, the U.S. Government has no desire to see an extra couple million Mexicans hoping over the border (no disrespect intended towards any Mexican thread participants). Second, the absolute dollars/pesos involved do not begin to rival the Asian morass--so, in light of my first comment, you can feel relatively comfortable that we won't let the problem get out of hand. Finally, the cellular networks being built in Mexico are being financed north of the border by strong American and Canadian companies. Financing is therefore not an issue. On a more still more positive note,I pulled this (believe it or not) from the Yahoo thread. ********************************************************************* Telstra will spend A$420 million (US$260 million) upgrading analogue mobile telephone coverage to Code Division Multiple Access technology, which allows users to receive both analogue and digital mobile telephone signals. Australians can now be confident that with one handset they will get the widest available mobile coverage in the bush, as well as in the city,'' Tim Fischer, deputy prime minister and leader of the National Party, told a news conference. Every part of Australia which currently receives AMPS (analogue) coverage will in due course receive CDMA coverage.'' Telstra said it will start constructing the CDMA network in 1999, which will operate alongside its existing Global System for Mobile communications network. Telstra is negotiating with major suppliers of new technologies to meet its commercial and technical requirements and a final announcement will be made shortly,'' said Lindsay Yelland, group managing director, products and marketing, at Telstra. Telstra declined to name the companies with which it is negotiating, though it said companies that make the CDMA technology include Lucent Technologies Inc., Qualcomm Inc., Motorola Inc., Nokia Oyj of Finland and Samsung Electronics Co.