All,
While we (QCOM longs) are looking short term on Korea and SEA/China problems, we also don't want to overlook QCOM's future prospects besides current leading positions in land-wireless mobil market and WLL market.
Think about Globalstar. It is going to be launched Feb 5, 1998. Besides gateways QCOM have to produce, following are handsets, fixed phones and 6-7% Globalstar's profit (this part of licensing fee is a public infor. <ggg>). And then, Omnitrac's message service revenue is net cash in-flow by using Globalstar' service. QCOM currently has to pay satellite service providers to service Omintrac's customers.
Think about Chile and Russia. QCOM is a part owner of those investment. That means QCOM will be a service provider, in that sence. Think about Nextwave. If it ever revive, how is market going to react to this news. Think about possible Mexico auctions win, Qcom will be again a part service provider and a part manufacturer (handsets and infrastructure equipments).
Do we (shareholders) really have to be jittered by SEA/China or South Korean's problem and MOT, Nokia, Lu, Nt, and Samsung's competitions?
Do we really closely assess the potential here besides the above problems?
Good luck to all
Brian H. |
