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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: unclewest who wrote (19759)	3/11/2000 10:12:00 AM
From: tero kuittinen	Read Replies (2) of 54805

Let's wait for the actual chipset announcement. The rumor of Nokia buying Qualcomm chipsets dates back to June 1999 and has been dragged out 5-6 times since then. It's somewhat suspicious that it resurfaces again the very day that QCOM is about to sink below 120. Last time Qualcomm threatened to dive below 120 we had the China Unicom hoopla and massive hype about 10 million Chinese CDMA users by the end of 1999. Of course, the whole deal was meaningless, because the government had not given a go-ahead. Curiously, this is the exact replay of the Russian situation. "CDMA in Russia" was the hot concept a while ago. The local network was built without government approval and now the use of CDMA phones is banned outside of offices and homes. You'd think something was learned from this experience. I mean - I'm not aware of any company announcing a new mobile network in United States and then asking for government approval afterwards. This would be a management issue if it ever happened, I think. After the "CDMA in China" fervor sputtered out we get the old Nokia rerun. What the Nokia rumor does is turn the attention away from Qualcomm's investment in Globalstar, which was the real story of this week. It's peculiar that Nokia's CEO's blunt commitment to the company's own chipset development is simply ignored, because it's not what certain analysts want to hear. I'm not sure how far the the whole "share price management through rumor-mongering" concept can be taken... but I suspect we'll find out in coming weeks. Go, lindybill! Tero

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