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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 165.07

-1.0%

Nov 18 3:59 PM EST

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To: Valueman who wrote (154)	7/24/1999 9:53:00 PM
From: Ramsey Su	Read Replies (1) of 13582

Valueman, .... To this value we added 35% replacement demand which is lower than the 40% typical of the GSM/TDMA market but above the 33% replacement rate for the IS-95 market in 1998..... There is a chart that is showing ASP erosion from about $290 for 1998 to $250 for 1999 to about $180 for 2000 to $150 for 2001. Ramsey

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