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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 177.78-2.2%Jan 9 3:59 PM EST
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To: DWB who wrote (47398)11/3/1999 12:08:00 AM
From: chuckj  Read Replies (10) of 152472
 
QCOM A SCAM OPERATION: STOP THE HYPE

Revenue year over year has increased by 14% stock has multiplied 10 folds. All of their increased profits are from cost cutting. They are in a low margin commodity business for phone chips they have just as many patents on CDMA as Mot, and lucent, and they just traded some patent claims with ERICY, so the only royalties they receive are from the Koreans. On their own these turkeys could not make a phone for profit even if they were handed the to them by Mot to relabel. CDMA is still an unreliable tech, they only sell it in the third world countries who they can buy the government officials with the help of the corrupt Clinton Administration. In the heart of the hi tech world in San Jose CA, you will have to strain to find a CDMA phone. If you want to buy a low margin business that is cheap look at SIII, these guys sell tens of millions of graphics chips per quarter real cheap.

Furtheremore with the criminals in the Clinton Government handing over the PCS frequencies to CDMA they have created a standards war that will set back IP based car radios/computers and IP wireless portable computers for years until a standard wins, meanwhile qualcomm has to wait. No ISP is going to invest in wireless until these spec issues are resolved. Just look at what happend to USRX when they were going the way of X2 while Ascend was shipping K56FLEX. For a period of one year no one was buying access equipment and that lead to their demise. The same went with the USRX's X2 and Lucent and Mot's K56flex PC modems--aLL big business put off buying PCs until the spec was settled.
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