Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 155.82

-1.3%

Jan 23 9:30 AM EST

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To: Wyätt Gwyön who wrote (109335)	12/7/2001 11:52:04 AM
From: JohnG	Read Replies (1) of 152472

Radio Shack Nov Sales Call (from 12/6 call) is much more positive for wireless than the written reports I have seen indicate. After listening to the call, I see its implications for wireless as indeterminate rather than negative. Its implications for computers are clearly negative and would chill me if I held Dell or INTC. It supports the thesis that wireless is the next big thing. radioshackcorporation.com 1) Tot sales for retail div Nov 2001 was -5% Year over Year; 459MM to 436MM 2) Comparable sales at company stores was -3% Y/Y 3) YTD tot sls & comp + 1% 3) Total Communications was +hi sing digits Y/Y *4) WIRELESS a) Wireless $ sales was + mid teens Y/Y b)Wireless assessories +30% Y/Y c) WIRE LINE was WEAKER d) Wireless units DOWN mid sing digits e)Note: commented that reason was that A) they sold fewerwireless track phones and inexpensive prepaid wireless phones AND B) company was LESS PROMOTIONAL than Nov 2000 5) Audio/Vidio - low sing dig Y/Y 6) Personal electronics - mid teens Y/Y with giftables and toys particularly weak 7) **Computers -40% Y/Y (OUCH!) 8) Services + low sing digits 9) Guidance: Expect to meet proj with higher margins on lower sales than last year MY COMMENT: Terrible report for computers. The report for wireless phone accessories is very hot (+30%). The neg growth in numbers of wireless phones is explained to some extent by the drop in promotions. Some thread mate commented that Radio Shack began a major wireless promo after Thanksgiving. Makes sense with such hot accessory sales indicating consumer interest.

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