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

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To: JohnG who wrote (13213)	6/26/2000 12:44:00 AM
From: Jon Koplik	of 13582

Text of (San Diego) Union-Tribune article (Nokia using Q ASIC chips) uniontrib.com (In case the link expires at some point). ***************** Qualcomm chips set for Nokia Phone maker will indirectly use parts STAFF AND NEWS SERVICES June 24, 2000 Nokia executives, who previously have said they would use only their own chipsets in phones using Qualcomm's code-division multiple access technology, apparently have agreed to indirectly use chips provided by the San Diego telecom. Pete Peterson, telecommunications analyst with Prudential Securities, confirmed that Nokia executives were at Qualcomm's San Diego headquarters. Yesterday, Nokia announced it had a deal with Korean phone maker Telson Electronics Co. -- and Peterson said that deal will lead to the indirect supply of Qualcomm's chips into Nokia-designed phones. Nokia's usage of Qualcomm chipsets would be a huge win for Qualcomm due to the sheer branding power of Nokia, the world's largest handset maker. "There's no doubt there's high customer affinity for Nokia products," Peterson said. 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. Julie Cunnigham, vice president of investor relations for Qualcomm, confirmed that Nokia and Telson will use Qualcomm chips. She said Nokia "has had some real problems with their CDMA . . . of course; we think that's because they weren't using our chips." Staff writer Thom Kupper and Dow Jones News Service contributed to this report. Copyright 2000 Union-Tribune Publishing Co.

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