Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.24

+1.2%

1:28 PM EST

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To: Maurice Winn who wrote (37188)	7/26/1999 9:40:00 AM
From: JohnG	Read Replies (2) of 152472

Maqurice. You ask what is the Positive news that could life Q's price despite the TA's concerns. 1) Appeals court has ordered FCC to give Q an fee license in a major metro area comparable to Miami/ Fort Lauderdale. 2) ERICY announced last week that they would begin building CDMA phones using Q's ASICS--Ate the crow feathers and all. 3) G has 32 birds in orbit--enough to start limited satellite phone service. Q will make the CDMA/ G* phones and ERICY the GSM/G* phones. 4) Q has presumably completed their stock offering and should have an added $1.07 billion from it in thir bank account to fund any immediate expansion plans. Q's stock price appears to have recovered somewhat from the confusion surrounding the offering despite the unfortunate circumstance that the offering happened to fall on one of the worst NASDQ down days in months. 5) Dr. Jacobs pointed out that GSM can be converted to CDMA using a simple air overlay. ERICY spokesman hinted that US GSM operators were asking them for such an overlay. Dr. Jacobs stated that GSM operators would be better served to switch to CDMA ver ?? than AT&T's EDGE because CDMA allows twice the voice bandwidth and the same data bandwith and both will be ready at the same time. 6) SPRINT PCS has just placed a $400MM order for Q's Thin Phone and PDQ phone (which will include internet browser software--GeoWorks?? I believe). 7) Q just completed their most profitable quarter ever with pro forma earnings of $0.86/share (with all expenses related to the terrestrial division and its sale to ERICY removed). Further, mgt said future growth would be sequential based on the June Quarter's results. 8) Sony turned over production capacity at their JV plant to Q and are leaving the US market (leaving their 7% high end market share to --guess who?) to focus on Japan and Asia CDMA market. 9) Toyota wants to merge its Japanese CDMA operator with the other Japanese CDMA operator to put further pressure on the slow, sleepy NTT DoCoMo which says it won't have CDMA until 2001 because the want to wait on the W-CDMA version. There is More!!! But my fingers are tired. JohnG 6)

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