Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: Mr. Stocks who wrote (7359)	1/21/1998 3:03:00 AM
From: jpbrody	Read Replies (2) of 152472

QCOM conference call---My highlights. Handset margins/yields are improving. They stressed that the second half of the quarter was better than the first. So, presumably second quarter numbers will be significantly better than the first quarter. The crash in Korea didn't kill new CDMA subscriptions. (One analyst (the guy from amsterdam) said new subscriptions were up in December for CDMA. Analog cellular was taking the brunt of the hit.) License and royalty hasn't been hit by the SE Asia/Wan devaluation yet. (For some bizzarre accounting reason, they are recorded a quarter late.) Expect the royalties to be down no more than a few million dollars next quarter, (a loss of maybe 5% of their earnings, so why did the stock price drop 30%) some of that shortfall will be made up by increased sales. QPE producing close to 600,000 phones/month. They are talking of moving it to 700,000. Future Prospects: Qualcomm/partner? are bidding on spectrum in Mexico. They are "leading" in all 9 districts. Bidding should be over "sooner than expected." When? They expect to be a major supplier for the network. At the end, Irwin said something about how the vodafone GSM/CDMA overlay could be an intermediate step for operators before 3rd generation. Jim

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