Qualcomm Inc (QCOM)

[Raglanroadie]

Data or Jim please comment on the following article posted in the FT yesterday on page 18.

What is the chance that TD-SCDMA is involved and if so how?

"Warburg Pincus, the world's second biggest buy-out company, has served notice on Datang Telecom Technology that it might sue it for missing a deadline to complete the sale of stake in its unit. Shanghai-based Datang Telecom said in a statement to the city's stock exchange that it received a fax from Warburg's lawyers on August 22. In June 2004, Warburg agreed to buy 30 percent of Datang Microelectronics. Under terms, the company would pay Datang Telecom $70m for shares in the unit and bonds convertible into stock in Datang Telecom (Holding)Ltd. When fully converted, Warburg would hold 38.65 percent of Datang Telecom (Holdings), the investment arm that owns 90 percent of the microelectronic unit. Datang Telecom (Holdings) issued $28.43m of convertible bonds to Warburg in July 2004 and failed to issue the remaining $41.57m worth of the bonds by June 30, which would have completed the sale. Warburg wants to recover the $28.43m and cover legal costs. Bloomberg"

Thanks,

Rag