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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 136.33

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3:59 PM EST

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To: waverider who wrote (645)	7/11/2000 11:23:42 AM
From: slacker711	Read Replies (2) of 197603

FWIW....I have a slightly different take than engineer. The Korean market now consists of three operators (down from 5)....SK Telecom, Korea Telecom, and LG. SK Telecom is the big dog with 57% of the market. I think that they SUPPORT the subsidy ban. Afterall....the subsidies were generally used to take their customers. Without the subsidies it will be virtually impossible for their competitors to take marketshare. I think SK Telecom's profits are likely to go through the roof over the next couple of months. The dropping of 300,000 customers was most likely done to appease the Ministry of Information/Communication, who had ordered SK to reduce their marketshare to 50%. The numbers that were published in an article a couple of days ago were that close to 400,000 handsets were sold in June vs. an average of 1.7m in the months prior to that. June must be the low ebb of handset sales....so the number can only go up from here. I just dont know where it will equalize....hopefully somewhere above 1m handsets a month. I dont see any markets that will absorb more than 1m handsets a month. The US is the only conceivable market but it still hasnt taken off like I had hoped.... At some point the Korean government has to wake up that they are going to kill their handset/infrastructure industries by their recent decisions. Slacker

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