The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

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To: foundation who wrote (13083)	6/23/2000 4:57:00 PM
From: D.J.Smyth	Read Replies (4) of 13582

Benjamin, regarding Pete Peterson and Qualcomm comments: (something more to laugh about Ben) ragingbull.com felongw. NOK told us today that Pete Peterson called them to "apologize" for the printing of that story because he was "misquoted" by the press. That is bad. It is one thing to paste a "rumor" on a chatboard, but then to paste the rumor as coming from the analysts' mouth...and print in on the Dow Jones. "we have confirmation that Nokia executives are at Qualcomm's headquarters in San Diego." He noted that Nokia has tremendous power in pushing usage of CDMA technology, but its own CDMA chipsets are seen as less efficient than Qualcomm's. "We strongly believe both in features and technology, Qualcomm's chipset is far superior to anyone else's," Peterson said. What was Peterson apologizing about? That he helped knock their price down over $8 in the past two days? That he really didn't mean to say that NOK's chipset was "less efficient" to Qualcomm's? (The article stated..."seen as less efficient"...not that Petersen actually believed that"). That Qualcomm's chipsets are "far superior" to others? NOK also stated that they are committed to using their own CDMA chipset designs and 3g solutions. They stated that they were in San Diego speaking with Qualcomm, but that they speak with them all the time and it represented nothing more than normal run-of-the-mill business.

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