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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 180.88+2.0%Oct 31 3:59 PM EST

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To: Ramsey Su who started this subject2/20/2002 3:44:44 AM
From: kech  Read Replies (1) of 196415
 
Nice contrast between the doom and gloom about maturing of cellular markets in US and around the world and Dr. J's comments from Cannes about the Korean experience and all the new devices just around the corner. Also Q up 1.65% in Frankfurt (.7 euro) in early morning trading:

uk.finance.yahoo.com

Enabled by QUALCOMM CDMA chipsets and system software, a broad range of full-color phones and wireless devices are entering the market, including: camera phones; Video on Demand phones; Global Positioning System (GPS) and multimedia enabled phones and devices; as well as WinCE devices with Variable Graphics Array (VGA) screens. These new devices, combined with true 3G performance, are opening the door for the creation of a broad array of products and services that deliver greater choice for consumers and enhance operators' ability to differentiate.

"Led by the launch of 3G over a year ago in South Korea, the wireless consumer's usage and demands have changed dramatically," said Dr. Irwin Mark Jacobs, chairman and CEO of QUALCOMM. "The Korean experience demonstrates that the increased capabilities of 3G CDMA networks, when joined with the enhanced capabilities of QUALCOMM's Wireless Internet Launchpad and BREW initiatives, can drive a fundamentally different consumer experience and operator business model. Color screens, synthesized sounds, MP3, cameras, USB connectivity and MPEG-4, are now becoming standard features. The recent 3G CDMA launches by U.S. and Canadian operators will further accelerate the pace of product and application development."

"3G networks have now moved beyond the theoretical and into the realm of the practical. We look forward to QUALCOMM UMTS solutions enabling similar color, GPS-enabled, video on demand, MP3, and BREW capable UMTS phones in the near future," Dr. Jacobs added.
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