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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 172.72

-4.4%

Nov 4 3:59 PM EST

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To: Eric Martin who wrote (6594)	1/26/2001 5:54:30 PM
From: cfoe	Read Replies (2) of 196444

Some thoughts re: QCOM's sequential quarterly chip sales for FY-01. I am starting with management’s' assumption that 90 million CDMA units (phones, devices, whatever) will be sold in Calendar 01. This should roughly translate into 90 million total ASICs being sold from 10/1/00 through 9/30/01. (Assumes a one-quarter lead-time between ASIC sale and device sale.) QCOM’s % QCOM of 90 mil No. ASICs Q1-A Q2-A* Q3-E Q4-E 75% 68 mil 15 16 18 19 80% 72 mil 15 16 19 22 90% 81 mil 15 16 22 28 * Per management capacity is sold out for Q2 and lost sales in Q2 will be made up in Q3 and Q4. In addition to the sequential increase in number of ASICs sold, Thornley and/or Schrock also said that we should see ASPs edging up as the year progresses and 1X becomes a bigger share of the total. One final point – a response to the Morningstar analyst who questioned the 90 million device projection. In the Q4 CC, Thornley was specifically asked if they could expect to see sequential quarterly growth in ASICs in FY-01. Thornley’s answer was yes. I guess he knew what he was talking about.

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