Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.97

-0.9%

11:31 AM EST

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To: Art Bechhoefer who wrote (113423)	2/15/2002 8:58:27 PM
From: limtex	Read Replies (1) of 152472

AB - I haven't taken a look at the PCS statements. From what I've seen so far though they have been reaasonably consistent and so far no-one has said anything about a problem with 1X in June. Also they must be good since they went with the Q from quite early on. The issue seems to me to be the melt down of almost the entire telecom industry. Clearly it needed the high margin revenues from LD and International to sustain it. That has gone and so the business case for the entire telco industry is under strain. Worse still the Great Hope of the industry namely cellualr mobile which should have provided high margin business for years to come is being shredded by competitive pricing. Last year we saw almost the entire CLEC industry go bust. I think that the massive and seemingly unstopable collapse of the stock prices of what is left of the Telco industry may be due to institutions getting out before what happened last year happens again this year but on a bigger scale. Winstar was a case in point. They were just about to break even EBITDA and splat. It is the just about to syndrome that institutions seem to have had their fill of. Waiting for 1X may be something they just aren't interested in doing as it appears that there are so many things that can go wrong even at this stage. The one thing we never ever considered on this thread was a total collapse of the telco industry as we knew it. Suddenly Sprint and PCS are being in the news regularly. IMHO it would be far better not to hear about them for a few months. Best, L

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