Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.54

-1.2%

3:59 PM EST

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To: Jacob Snyder who wrote (121079)	6/28/2002 9:24:59 AM
From: Art Bechhoefer	Read Replies (1) of 152472

Jacob, good point, but look also at how QUALCOMM deals with its customers who have high debt. The company consistently makes arrangements, as it did with the Reliance Group in India, and with Inquam, to finance expansion of telecom faciities that use CDMA technology. I agree that a company like Sprint PCS may face a critical debt situation in the short run as it upgrades to 1X or more sophisticated technologies, and that suppliers such as Nortel and Lucent have pretty much reached the limits of their financial ability to provide vendor financing. The same is true, however, for competitors such as Nokia. In the final analysis, what helps the telecom operators most is the system that operates most efficiently. As long as QCOM comes up with new improvements, there is virtually only one outcome. Art Bechhoefer

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