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

To: Ramsey Su who wrote (30171)	5/17/1999 12:24:00 PM
From: quidditch	Read Replies (1) \| Respond to of 152472

From Reuters: Headline only Monday May 17, 11:05 am Eastern Time Jp Morgan Cuts Iridium World to Underperform From Market Perform Regards. Liacos_samui

To: Ramsey Su who wrote (30171)	5/18/1999 1:01:00 AM
From: brian h	Read Replies (3) \| Respond to of 152472

Ramsey, Now what? Dr. J. summons Mexican President to his luncheon! What is the point? Discuss immigration issues? or sell Ramsey' real estate portfolios to Telmex through QCOM? (gg) Mexican President to Push Trade, Immigration in Calif. Visit San Francisco, May 17 (Bloomberg) -- Mexican President Ernesto Zedillo is expected to address trade and immigration issues during a three-day California visit that begins Tuesday and signals warming relations between the most populous American state and its No. 2 foreign trade partner. Zedillo, in California for the first time since his 1994 election, is scheduled to address a joint session of the state Legislature on Tuesday and meet with U.S. business and political leaders in four cities. Relations between California and Mexico were strained in 1994, when then-Governor Pete Wilson pushed a broad illegal immigration measure called Proposition 187 as part his election campaign. Current Governor Gray Davis vowed to ease tensions with Mexico and visited its capital in February after entering office. ''The theme is renewing our relationship with California under a new political environment,'' Mexican embassy spokesman Jose Antonio Zabalgoita said. Despite damaged relations, Mexico eclipsed Canada in 1998 as the second-largest buyer of California exports, and state officials see trade with Mexico as partly offsetting slowing exports to Asia, where Japan is the state's top foreign consumer. Californian exports to Mexico more than doubled to $13.3 billion in 1998, compared to 1994 when the North American Free Trade Agreement was enacted. By contrast, sales of products to Asia such as computers and electronics fell more than a fifth last year because of economic slowdowns in Japan, South Korea, Indonesia and Thailand, according to the California Trade and Commerce Agency. Immigration and Exports But analysts said differences on immigration issues have hurt the growth of California exports to Mexico, which are about a third that of Texas' exports. Texas exports to Mexico totaled $9.4 billion in the fourth quarter of 1998 alone. ''California is still an underachiever in its exports to Mexico,'' said Raul Hinojosa, a University of California at Los Angeles professor who testified before Congress on U.S.-Mexico relations last month. ''If you know anything about business in Mexico, you know how important relationships are. Under Wilson, California trade shows were being boycotted.'' Zedillo is likely to bring up controversial issues like Proposition 187 also to be seen as protecting Mexican citizens' interests abroad, said Stephen Zunes of the University of San Francisco. For Davis, who invited Zedillo to California, closer ties has already shown signs for increased commerce with Mexico. During his February trip to Mexico City, Davis elicited a promise from Mexican billionaire and Telmex chairman Carlos Slim Helu to move the company's U.S. headquarters to San Diego from Houston. Officials also announced plans to work with U.S. airlines and AeroMexico to begin non-stop flights between Los Angeles and Monterrey, a booming city in the north of Mexico. Work Visas Zedillo will arrive in Sacramento early Tuesday, where he will address the state Legislature. He next travels to San Francisco, where he will address the Commonwealth Club and meet with a consortium of business leaders at Bank of America Corp. Mexican officials and Silicon Valley executives have been pushing for an increase in the number of special work visas issued to skilled Mexicans seeking to fill jobs in the state's high-tech industry. On Wednesday night, Zedillo, who seldom gives press conferences, and the governor will hold a live ''town hall'' meeting in Los Angeles, broadcast throughout the state on Univision Communications Inc. owned-and-operated stations. The Mexican Congress may allow Mexicans living the U.S. to vote in the 2000 elections, making California a likely campaign stop for his Institutional Revolutionary Party. On Thursday, Zedillo and Davis will fly to San Diego, where they will help inaugurate the new Telmex headquarters after speaking at a luncheon hosted by Sempra Energy and Qualcomm Inc. Best, Brian H.