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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Mike Buckley who wrote (54023)	5/13/2003 12:02:23 PM
From: Jim Mullens	Read Replies (1) of 54805

Mike, I would have to respectfully disagree with your statement- “ Qualcomm's current market is all cellular subscribers, not just those that happen to buy its CDMA products” Qualcomm certainly never had the opportunity to sell CDMA products into the largest GSM market, Europe ( rightly or wrongly) due to government regulation which prohibits anything but GSM. Further, in the past Qualcomm along with many Asian companies were excluded from the GSM market due to excessive royalty rates imposed on all except those in the cartel. Only recently was Qualcomm able to overcome this obstacle with their cross licensing agreements with TXN, NOK etc which gives them royalty free access to GSM IPR. jim

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