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


To: jon wilson who wrote (13613)8/12/1998 4:36:00 PM
From: limtex  Respond to of 152472
 
"Anyone know why the stock is going to hell?"

More people selling it than are buying it?



To: jon wilson who wrote (13613)8/12/1998 4:39:00 PM
From: Valueman  Read Replies (2) | Respond to of 152472
 
I am now able to access SI after 3 days of ISP-related blockage of SI's DNS. Boy do you guys post alot!

Here are the highlights of an FCC order denying Comsat the chance to compete against Omnitracs:

ORDERÿÿÿÿÿÿÿÿÿ Adopted:ÿÿ August 10, 1998ÿÿÿÿÿÿÿÿ Released:ÿ August 11, 1998
By the Chief, International Bureau:ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ I.ÿ INTRODUCTION
ÿÿÿÿ 1.ÿÿ By this Order, we deny, without prejudice, COMSAT's petition to
provide Inmarsat-D+
service in the United States.ÿ We will reconsider this decision at such time
as COMSAT agrees to waive
any privileges and immunities it may have with respect to provision of this
service as a result of its status
as a signatory to Inmarsat...........Similarly, QUALCOMM states that it owns and
operates the OmniTRACS
system, a two-way mobile satellite messaging and position tracking system
that provides the same service
as D+ Service.......While COMSAT admits that the OmniTRACS system possesses all the
capabilities of D+
Service, it argues that OmniTRACS is not part of the same market because it
provides excess capabilities
and costs more than D+ Service.ÿ We disagree that price differences or scope
of service are relevant to
determining whether the service is available to consumers.ÿ Price
differences and better service could be
relevant to our determination of whether COMSAT's entry into the U.S.
domestic market by an
INTELSAT or Inmarsat satellite would promote competition and is otherwise in
the public interest.ÿ But
we do not reach that second prong of our analysis for COMSAT under the
International Satellite Services
Order because of COMSAT's failure to waive the relevant privileges and
immunities.