It sounds like Q made a presentation with GS yesterday.....do you have access to the original presentation?
If not, GS still gave some great details.
Stuff I had never heard before....
* Chipset upside in the quarter was driven by cdmaOne-based chipsets due to the ramp in China, which is pulling the MSM3100. The company noted that the MSM3100 has a good gross margin structure given its cost reduction; it maintains higher gross margin that the MSM5100 given the
MSM5100’s larger die size, which has yet to be cost reduced. While cdmaOne chipset shipments were stronger than expected in the September quarter, the company continues to expect cdmaOne shipments will likely diminish to a very low level by the March quarter as China will soon be
converting over to 1x.
snip.....
* 1xEV-DO uptake has been a little slower than expected due to some initial product issues, however, Qualcomm has been working with SK Telecom and Samsung to get these issues resolved and believes these are behind them at this point. The MSM5500 chipset, which supports 1xEV-DO, is said to have ASP in the $30s, while the company’s 1x voice-only MSM5010 is said to be less than $20
snip.....
* In regards to Qualcomm’s manufacturing partnerships, Qualcomm noted that IBM will be responsible for the largest percentage of production this year, though it continues to source a lot of production from TSMC; TSMC was Qualcomm’s first foundry partner qualified for 300mm production (the MSM6050, which is being designed in by at least 15 handset vendors, is being done at 0.18-micron) and 0.13-micron process (the MSM6100 will be Qualcomm’s first chipset
to be manufactured on a 0.13-micron process). Additionally, Qualcomm maintains manufacturing relationships with Texas Instruments and Motorola.
snip.....
* There are approximately 2 million BREW subscribers currently with approximately 1.6 million on KT Freetel. This is expected to increase significantly with upcoming Verizon launch as well as continued progress with other operators: China Unicom recently signed a definitive agreement, Telesp has signed an RFP, and Alltel is reportedly trialing in a few cities currently and is expected to launch before Christmas. |
