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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 174.01

-0.3%

3:59 PM EST

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To: slacker711 who wrote (27368)	10/3/2002 9:29:41 AM
From: quidditch	Read Replies (1) of 196649

To add to slacker's scoops on Korea sub additions, from GS this morning: The Korea Herald reported preliminary CDMA wireless subscriber statistics for the Korean market for the month of September. Overall gross adds totaled 1.3M, which was up from 1.0M in August, 0.8M in June, and 0.8M in the year-ago period. The strongest growth was reported by LG Telecom, which had gross adds in excess of 0.4M (versus average monthly gross adds 140,000) and attributed its success in September to the introduction of a new lower rate plan. While we await details regarding 1x additions, we anticipate continued healthy 1x handset sales given the overall gross add strength and the fact that virtually all new adds in Korea are on 1x. To put the Korean numbers in perspective, gross adds total 8.46M year-to-date, which are 1.2M higher than at this point last year. QCOM currently trades at 7x C'03 sales and 25x C'03 EPS. We reiterate our RL rating.<i/> quid

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