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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 170.90-1.3%Nov 7 9:30 AM EST
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To: Ramsey Su who started this subject9/4/2002 9:19:22 AM
From: kech  Read Replies (4) of 196559
 
Synopsis of webcast at Salomon Smith Barney:

Started with statements that still expect to hit the 82-85 million CDMA sales 2002. Audible growns in background from analysts <g>. Then went on to give region by region discussion.

Thornley is saying that they are seeing good signs that two new players in China market are considering CDMA. Says CDMA450 which Q has been promoting has been announced as available from a second equipment provider. Also says that Unicom is putting most of its new new assets into CDMA. Also very strong on Reliance and other providers in India.
On Latin America, he acknowledges slow, but subscriber growth is continuing in CDMA. Growth there will come from lower end and low cost devices are important for growth. In developing world, the cost of phone has been higher, but looking forward with introduction of 6000 based chipset we expect to see devices in the market at a price below $70.
In Europe, WCDMA slow, but operators in Europe are recognizing value of Qualcomm technology with rollouts. Expects subscriber growth 2005. Expects 10-15 million 2004. Have been working very hard in standards issues. Nothing fundamentally wrong with WCDMA it is just that it takes time to stabilize any new technology. On Inquam, launching in Eastern Europe, but should be small relative to WCDMA.
TDMA conversion to CDMA with Bell South in Ecuador and Panama.
Still making strategic investments to insure growth of CDMA.
Chip business doing well. Market share gaining. Have Motorola as a customer with 1X. Have seen no competition in 1X with exception of Nokia but their share has been small. Qualcomm is pushing integration of chips for 6000 chips. Very important, others playing catch-up. Snaptrack acquisition and GPSOne has paid off very well. Position location a big driver of 3G services.
Brew signed agreement with China Unicom. KT Freetel showing rapid growth of ARPU- significantly higher levels than with 2nd generation services. Introduction of color screens has been important in enabling services. BREW download allowing for large market of applications.
Closing, balance sheet is very strong. Cash position is 2.6 billion. Liquid position, 1 billion generated a year in operating cash flow. 800 million in commitments going forward. Looking to future expect to be free cash flow positive. In future considering options of what to do with cash.

Q&A: Update on 6200 chip? GSM/CDMA and 6300 chip? GSM 1X chip?

Unfortunately they cut off the rest of Q&A.
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