Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.46

+1.3%

2:32 PM EST

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To: Craig Schilling who started this subject	2/23/2001 8:55:44 AM
From: foundation	Read Replies (3) of 152472

entertaining perspective from rocket board ---- visionary20_2001 2/23/01 8:51 am Morning commentary Q will drop $12 - $15 today on news that the rubbish technology Europe has been promising is just that, rubbish. Amercan upstart, Qualcomm, confirmed this. In fact, they have been saying for well over a year that GPRS/EDGE/WCDMA is vapor and not ready for deployment anytime soon. The market was however totally surprised by Qualcomm's statement in the FT yesterday. Panic is gripping the capital markets in Europe, which have funded the costly spectrum auctions and the future interest bills while this spectrum remains idle. Qualcomm also stated that their technology is ready to be deployed NOW, although leading PC chipmaker, Intel, in one of their first public statements, commented that 3G is unneccessary because they (Intel) have no foothold in this arena and need more time to solve this tricky problem. The news is certainly bleak for Qualcomm, the company that can actually provide a working 3G system now. The outlook is even bleaker for those that blew the opportunity to be major players in the future: MOT, ERICY, NOK. R.I.P.

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