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

To: gdichaz who wrote (21439)	1/16/1999 1:36:00 PM
From: Harvey Rosenkrantz	Read Replies (2) \| Respond to of 152472

The next article on the page in the SD Union was about the Brazil license. The following is extracted from the article: " The consortium, led by Bell Canada International and WLL International, paid about $50 million based on Thursday's exchange rates, or about 60 cents a potential customer -- a bargain compared to what other carriers have paid to compete in Latin America's largest market. Qualcomm, with 16.2 percent interest in the consortium known for the time being as Canbra, will provide infrastructure or base stations -- closet-sized equipment that enables wireless phones to communicate with the central communications grid."..... " Qualcomm officials said they were braced for a currency meltdown, and that the devaluation actually lowers the relative cost of the license because the U.S. dollar is stronger."... "Bell South paid $2.2 billion dollars to provide service in Sao Paulo. Andrade Gutierrez paid $2.9 billion to cover the same area that the Qualcomm consortium will be covering. " In addition to getting a new large customer for infrastructure, the Q will be able to take timely advantage of the weakness in the Real. In addition, to pay $40 or $50 million for something your competition buys for $2.9 billion seems like a bargain to me.