IFRS
look at this:IFRS
62%institutional on 4mil float
Although this is old news (July of '98) it may have something to do with the big move
today, given the news today on
Qualcomm and the share price increase of $156 to $659 / share.
(SEE NEWS THE 2 NEWS STORIES BELOW)
STORY #1 --> "NEW YORK, Dec 29, 1999 (Reuters) - PaineWebber on
Wednesday said it had initiated coverage
of Qualcomm Inc.(NasdaqNM:QCOM - news), developer of wireless telephone
technology, with a buy rating and set
a 12-month price target of $1,000.
-- set believes Qualcomm ''represents an appropriate way to invest in the long-term
growth trends of wireless and
data.''
-- said Qualcomm, which developed the wireless technology, Code Division Multiple
Access (CDMA), sells over 90
percent of the application specific integrated chips (ASIC's) used in CDMA phones and
collects royalties for all
CDMA phones.
-- said believes by the end of the next decade 85 percent of phones sold will use
CDMA technology (up from 18
percent today). This would create a 45 percent compound annual growth rate for
CDMA and up to a $20 billion
royalty stream for Qualcomm."
STORY #2 -->"Wichita, Kansas, July 13, 1998 . . . IFR Systems, Inc.
(NASDAQ/NMS:IFRS) announced today that
it has entered into a royalty-bearing license agreement with QUALCOMM,
Incorporated (NASDAQ : QCOM) that
gives IFR the right to use and continue to develop QUALCOMM's proprietary
software for production testing of Code
Division Multiple Access (CDMA) handsets. The software is used by QUALCOMM
to produce a wide range of
CDMA products, including the latest QTM phone.
"We are developing automatic CDMA test systems based on the QUALCOMM
software. This will give handset
manufacturers total confidence in the capabilities of IFR's test instruments as well as the
benefit of international support
through our world-wide service network," said Alfred H. Hunt III, president and chief
executive officer of IFR Systems.
James W. Silk, program manager, technology transfer - licensing at QUALCOMM,
said, "This agreement benefits
QUALCOMM, IFR and the growing CDMA manufacturing community. Rather than
having to write their own test
software, CDMA handset manufacturers will now have access to a professional test
system from an
internationally respected supplier."
Hunt explained that when combined with IFR and other test instruments, the
QUALCOMM software
performs IS-98A parametric testing, and allows fully automatic testing of completed
handsets including the critical
intermodulation immunity check, which is essential for satisfactory handset operation. He
said that the production
software also includes calibration capabilities to optimize test system accuracy by
compensating for cellular equipment
errors and external losses."
IFRS at $10+ ----> maybe soon, especially if they can demonstrate that there is indeed
a strong increase in damand for
their CDMA product line.
Any Thoughts?
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