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

To: Jon Koplik who wrote (27825)	4/21/1999 9:20:00 AM
From: 2brasil	Read Replies (2) \| Respond to of 152472

$175 ALREADY Sprint Announces Contract with Lucent Technologies To Expand Largest Nationwide PCS Wireless Network Contract Worth at Least $780 Million over Three Years KANSAS CITY, Mo., April 21 /PRNewswire/ -- Sprint (NYSE: PCS - news) today announced it has awarded Lucent Technologies (NYSE: LU - news) a new three-year contract worth at least $780 million to supply equipment and services for the next phase of Sprint PCS' nationwide wireless network development and expansion. The contract is in addition to the previously announced $2.5 billion in contracts between the two companies for the first two phases of Sprint PCS' national roll-out of its 100-percent digital, 100-percent PCS nationwide wireless network. Under the new contract, Lucent will provide additional equipment and services that will enable Sprint PCS to expand coverage and increase network capacity to meet rapidly growing customer demand. In the first quarter of this year, Sprint PCS recorded the second largest quarter for subscriber growth in U.S. wireless industry history. This followed the company's U.S. wireless industry record in the fourth quarter of last year for the most new subscribers added in any one quarter. ''The Sprint PCS network is among the largest, most sophisticated and feature-rich wireless networks in the world,'' said Keith Paglusch, senior vice president of Operations for Sprint PCS. ''Almost from our inception more than four years ago, Lucent Technologies has proven itself as one of our highly valued technology vendors. We look forward to working with Lucent in the future to expand the reach of Sprint PCS and the many technical advances coming to our network.'' Similar to its previous two agreements with Sprint PCS, Lucent will supply and install CDMA (Code Division Multiple Access) network infrastructure equipment and services including base stations and switches. The agreement also provides upgrades for Lucent's wireless intelligent network software, enhancing Sprint PCS' existing network services such as Flexible Alerting, Stand-alone Home Location Register (SHLR) and Over-the-Air Service Activation. Sprint also will continue to receive Lucent Technologies NetCare® professional and network support services. Nina Aversano, president of Lucent's North America Service Provider business, said: ''Lucent is proud of this latest Sprint PCS contract and views it as a strong vote of confidence from a demanding, sophisticated customer. The Lucent team is committed to developing and implementing the most advanced CDMA technology on the market today so Sprint PCS can offer its customers reliable, quality wireless service enhanced by such useful features as Over- the-Air Service Activation and Flexible Alerting.'' Lucent Technologies is the leading supplier of wireless networks to service providers in North America, and there is at least one Lucent-built network in 95 of the top 100 U.S. markets. Lucent Technologies is the worldwide CDMA leader based on the number of customers using networks it provided to service providers. Lucent Technologies, headquartered in Murray Hill, N.J., designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronics components. Bell Laboratories is the research and development arm for the company. For more information on Lucent Technologies, visit the company's web site at lucent.com. Sprint PCS operates the largest 100 percent digital, 100 percent PCS nationwide wireless network in the United States, already serving the majority of the nation's metropolitan areas including more than 4,000 cities and communities across the country. Sprint PCS has licensed PCS coverage of nearly 270 million people in all 50 states, Puerto Rico and the U.S. Virgin Islands. For more information, visit the Sprint PCS web site at sprintpcs.com. Sprint PCS is a wholly-owned tracking group of Sprint Corporation trading on the NYSE under the symbol ''PCS.'' Sprint is a global communications company at the forefront in integrating long distance, local and wireless communications services and one of the world's largest carriers of Internet traffic. Sprint built and operates the United States' only nationwide all-digital, fiber optic network and is the leader in advanced data communications services. Sprint has $17 billion in annual revenues and serves more than 17 million business and residential customers. SOURCE: Sprint PCS More Quotes and News: Lucent Technologies Inc (NYSE:LU - news) Sprint Corp (NYSE:PCS - news) Related News Categories: networking, telecom Help Copyright © 1999 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information.

To: Jon Koplik who wrote (27825)	4/21/1999 9:37:00 AM
From: JGoren	Read Replies (1) \| Respond to of 152472

CNBC reports Qcom up 32 at the opening. No way I know of to avoid shareholder vote to authorize additional shares without a proxy statement. Of course, if the company were to make an acquisition, the authorization could be combined with the S-14 registration statement to okay a buyout.

To: Jon Koplik who wrote (27825)	4/21/1999 12:28:00 PM
From: RalphCramden	Respond to of 152472

Maybe we DON'T want QCOM to be an internet stock! When we get to a P/E of over 100, personally I am in favor of no splits. As much fun as it is having every ding dong in the universe click their "Buy" buttons because we are splitting, if letting the price float up into the multi-hundreds per share can keep on only the thinkers, I'm all for it. Having a 9-month lead time before it is possible to authorize enough shares for another split is a GOOD thing. For those of us planning on holding the stock for more than 9 months, anyway. You know, it is possible we will soon be at a high enough share price level (even after the upcoming 2 for 1 split) such that Qualcomm management will wish they had already asked us shareholders for some absurdly high number of authorized shares. (It's unfortunate that QCOM is about 9 or 10 months away from the next (regularly scheduled) proxy mailing to shareholders).