Have you considered the rollout of HDR technology in the second half of 2001? This move in 3G plus recognizing that the competition is at least couple of years behind, will move the QCOM stock price north. The lack of competition to HDR and 3G chips will lead CDMA to the dominant means of communication within 3-5 years. EDGE cannot compete (a mere bandage on the TDMA technology).
When China comes through, HDR implemented and 3G chips permitting internet phones and with the percentage of worldwide CMDA subscribers hits 30%, which may be possible within a couple of years, you'll see a quadruple. You may also see NOK capitulate in 2001 which will assure QCOM holders of at least $500 by end of 2001 (if NOK jumps on board - can they afford to ignore Japan, China, Korea, Canada, Brazil, etc).
In the meantime, a double from here, in my view, is quite possible by the end of this calendar year as people recognize that QCOM will be the 3G leader, and Japan proceeds on track to introduce their internet-capable phones in 2001.
P.S. Don't forget about the possibilities that QCOM will have as they develop uses and chips with SnapTrack location technology -- expect this to be big in 2001/2002. |
