Robert, Thanks for the heads up. I just finished listening to the interview with the COO / President - Richard Sulpizio; and I was very impressed; some quick notes at the end of the ~ 20 minute interview:
* Nothing to touch CDMA for 10 to 15 years
* Qualcomm is focusing on the features on the chip-sets
* The Royalties are 2.5 to 5% per phone and are protected by inflation, the phone price goes up and the net royalties go up, the more features on the chip-set, multi-product , the price goes up and the royalties go up
* 1999 - 40,000,000 CDMA devices (15 to 20% of market )
* 2000 - 70,000,000 CDMA devices
* 2001 - 100 to 120 Million CDMA devices : Fastest growing technology
* Questions on China and India
* Radio Wall Street thought numbers were low for 6 Billion population
* Richard stated that they are in negotiations with China and pleased with the progress and the roll out will happen soon and is not in the Financial models and will give 10s of millions of CDMA devices
*Richard talked about Irwin's vision and the energy that he has; Irwin sends him e-mails at 2 or 3 in the morning
* Wireless, especially CDMA is still in the infancy
* CDMA chip-sets will be every where in the future: computers, phone and ever car radios to communicate with people
* Irwin is such a great motivator and inspirational leader that even when some of the engineers feel that they can not meet the tight schedule they meet with Irwin and he helps them and then gives them three more projects, they are always thinking of new ideas
* Chips are 50% international ( mostly Korea and Japan )
* Richard feels that Qualcomm is in the 2nd or 3rd inning of the baseball game of CDMA leading up to the 3G
* Just Think Your Desktop can go anywhere with CDMA
* Very bullish on Snaptrack and the access and features
* Support Bluetooth, 3 Com, Palm V
* Joint Venture with MSFT - Wireless Knowledge - access D/B of through ISPs and be secured
* RadioWallStreet stated that Qualcomm have all the bases covered
* Richard ( COO ) is very bullish on the exciting future
* RWS stated that this is definitely a Buy and Hold Company
* Richard would not comment on stock price, he explained that he runs the company and focuses on the company
Overall very positive and my wife will even listen to it tonight
Richard is pumped and a great ambassador of Qualcomm |
