QCOM...
Yes Victor....I still like QCOM. I did sell all of my QCOM at the beginning of the year since the share price had risen so dramatically, but I have recently added a new position in QCOM.
>With analyst "support" like that, why would anyone continue holding it? It's a dead duck for now.<
I disagree.... I think QCOM will do well in the long term. Just IMO!
Libbyt
"QCOM,
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. "
uniontrib.com. |
