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

To: Jon Koplik who wrote (16140)	10/7/1998 9:44:00 PM
From: Sawtooth	Respond to of 152472

<<I just now caught up with the whole bunch of Maurice-ified trance hypnosis zombie "wealth creation/destruction" posts.>> Jon, you've been around long enough to have instantly recognized this as Maurice induced. Based on historical experience, it will wear itself out in the next 250 - 300 posts, give or take a few. <<My only comment is - I think I heard that MSFT is actually up about 250 fold since the IPO. Anyone know for sure?>> In March, 1986, Msft sold for around 38 cents, split adjusted. It closed today a little south of $100. What's in store for tomorrow? C'mon; dust off that crystal ball! ; )

To: Jon Koplik who wrote (16140)	10/7/1998 10:06:00 PM
From: Ruffian	Respond to of 152472

Jon,I think this on tonite; LEAP CNN. Leap Wireless CEO, CNNfn FDCH CEO Wire/Associated Press THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. JAN HOPKINS, CNNfn ANCHOR, CAPITAL IDEAS: Leap Wireless (Company: Leap Wireless International Inc; Ticker: LWIN; URL: leapwireless.com) was spun off from Qualcomm (Company: [ Qualcomm Incorporated ] ; Ticker: QCOM; URL: http:www.qualcomm.com) last month with current joint ventures stretching from Russia to Chili. The wireless carrier has it sights set on the Ukraine next. In addition to the challenges posed by ailing economies abroad, Leap is also struggling to implement its brand of digital technology. Here to discuss the company's plans for the future is Leap's president and CEO, Harvey White. Welcome to CAPITAL IDEAS. HARVEY WHITE, PRESIDENT, LEAP WIRELESS: Thank you for having (17:20:10) me. HOPKINS: Now, this is interesting, because you were president of Qualcomm. And then you went with the spin-off. Why did you make that decision? WHITE: Well, we (17:20:20) felt that there was a lot of shareholder value that was lost in the manufacturing company with these carrier operations. And I really felt as an officer and as (17:20:30) a significant shareholder of Qualcomm that there was some $1 to $2 billion of value locked up in there that was never going to be recognized as part of (17:20:40) a manufacturing company. And we were faced with the problem of competing with our customers. We were actually setting up networks and competing with our customers. Neither one of (17:20:50) those were things that need to be done. I thought it was a really challenging opportunity. I thought it needed to be done. And I'm really excited about it. HOPKINS: Let me talk a little bit about your role as head of Qualcomm. We, in the media know about the company back in December of last year when (17:21:00) one of your employees in Russia was retained and ultimately got out of Russia but -- talk a little bit about what that experience must have been like. WHITE: Well, (17:21:10) it was very frightening for the young man, obviously. HOPKINS: Right. WHITE: And it was really a mix-up, a kind of bureaucratic mix-up that occurred. There was (17:21:20) no real basis for the problem. And it got to be kind of a political struggle between the local government and the national government. Fortunately, I think as of (17:21:30) last week, I'm told that it has finally all been put to bed and everybody's happy now. HOPKINS: But your company now is dealing in these markets. WHITE: In (17:21:40) fact, we have a operation in that city, that city being Rostov. And we have signed agreements in 15 other regions in Russia to provide wireless communications in cooperation (17:21:50) with the local telephone companies. So we will actually be allowing people to add telephone service, wireless as opposed to wire line. And of course wireless is cheaper to (17:22:00) put in anywhere in the world than wire lines. HOPKINS: Because you have to do the lines, right? WHITE: Don't have to dig up the streets. HOPKINS: Right. WHITE: (17:22:10) It's easier to maintain. HOPKINS: So developing markets are actually a great place for you to do this? WHITE: Absolutely the place to be. And from -- and the growth (17:22:20) of tele-density which is mainly in the emerging markets, fastest way to do it is wireless, the cheapest way to do it, the lest disruption. HOPKINS: But what (17:22:30) do you see happening in these economies as the emerging world goes through economic and financial problems and as investors pull away? WHITE: Well, clearly, the markets are in (17:22:40) disarray, but this need for tele-density which is one of the components of infrastructure is a real national imperative to be able to spread the economic wealth across (17:22:50) the country. You have to get the crowded cities spread out. People have to get jobs in their home territories. To do that, they need infrastructure. They will give (17:23:00) priority to telecom and infrastructure. And how long it takes for them to meet their goals, like Russia wants to add 30 million new phone lines, it may take (17:23:10) longer because this location, but they will get it done. HOPKINS: Thanks very much, Harvey White, the president and CEO of Leap Wireless. Thanks for joining us. WHITE: Thank (17:23:20) you. END (Copy: Content and programming copyright 1998 Cable News Network, Inc. ALL RIGHTS RESERVED. Prepared by Federal Document Clearing House, Inc. No license is granted to the user of this material other than for research. User may not reproduce or redistribute the material except for user's personal or internal use and, in such case, only one copy may be printed, nor shall user use any material for commercial purposes or in any fashion that may infringe upon Cable News Network, Inc.'s copyright or other proprietary rights or interests in the material; provided, however, that members of the news media may redistribute limited portions (less than 250 words) of this material without a specific license from CNN so long as they provide conspicuous attribution to CNN as the originator and copyright holder of such material. This is not a legal transcript for purposes of litigation.) Publication Date: October 07, 1998 Powered by NewsReal's IndustryWatch ...back to top