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


To: George Gotch who wrote (26490)4/8/1999 2:29:00 PM
From: Ruffian  Read Replies (2) | Respond to of 152472
 
Where did this come from?.

Russia's Svyazinvest Says Qualcomm Equipment Too Expensive

Moscow, April 8 (Bloomberg) -- OAO Svyazinvest, Russia's holding company for its regional phone operators, said equipment produced by Qualcomm Inc. is too expensive and it may seek another supplier for a project to install wireless phone networks.

Qualcomm, which already supplied equipment installed in the Saratov region, was intended to supply some equipment for a project involving U.S. phone network operator Leap Wireless International Inc. and Russia's Tass Telecom to install $500 million of wireless phone equipment across Russia over the next several years.

''Qualcomm equipment costs 30 percent more than the equipment which could be provided by NEC Corp.,'' of Japan, said Nail Ismailov, general director of Svyazinvest, which holds majority stakes in 82 of Russia's 89 regional phone companies.

The new project, known as Metrosvyaz, aims to install networks in about 50 of the regions. Only 19 households out of every 100 in Russia has a phone, compared with 60 per 100 in the U.S., and wireless phone systems could be a way to hook up individuals waiting for phone service faster.

So far, 12 regions are ready go join the project, said Ismailov.

08:52:17 04/08/1999



To: George Gotch who wrote (26490)4/8/1999 2:32:00 PM
From: Ruffian  Read Replies (1) | Respond to of 152472
 
George, If the Q keeps this up "I WILL BLOW UP"!

Mp



To: George Gotch who wrote (26490)4/8/1999 2:32:00 PM
From: bdog  Read Replies (2) | Respond to of 152472
 
Ahh Georgie, you're back. Oh look, the Q is up. Looks like another shorting opportunity.



To: George Gotch who wrote (26490)4/8/1999 2:41:00 PM
From: marginmike  Read Replies (1) | Respond to of 152472
 
Hey george, who cares? If the market blows up it will be a great buying opp, as was Oct. I agree this is going to end in an ugly way. However To those prepared (cash)it will be vindication of this idiocy. However if you are holding companies like Qcom for 5 years it wont matter.