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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 159.42-1.2%Jan 16 9:30 AM EST
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To: Ruffian who wrote (11957)6/10/2000 2:55:00 AM
From: JGoren  Read Replies (2) of 13582
 
CNBC just replayed the NOK and Piecyk interviews. NOK said new cdma phones in the next 12-18 months. Piecyk said that NOK has 50% topline growth but the stock is selling at a discount relative to other companies with that growth rate; the reason for the overhand, concerns over its cdma weakness. Piecyk was very cordial, charitable in the way he said it--"weakness." He said that NOK has gotten its phones into Sprint and Verizon, but Sprint is not impressed, Verizon coming closer. But, the problem he said is that 1x is coming and NOK will either need to produce a chip in-house or buy from outside. NOK could solve its problem of being behind by buying from Qualcomm. He concluded by saying look for a licensing deal with Qualcomm and chip deal. He also recommended Sprint and one other co. I can't recall as wireless carrier plays.

If NOK hasn't got a deal in line, what is gonna happen to these new cdma phones in the next 12-18 mos. NOK could get shut out and, as Tero says, all the R&D money would go down the drain. The crunch is coming for NOK. (I've never owned NOK but it might be great way for those of us overweighted in Qcom stock to get an extra kick from a chip deal.)
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