Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.55

+1.4%

10:13 AM EST

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To: JMD who wrote (12885)	7/23/1998 11:20:00 PM
From: Maurice Winn	Read Replies (2) of 152472

SurferM, From M/L analysis: "The ASIC business was a little better than expected due to strong demand from Korean phone manufacturers. The number of CDMA subscribers added in Korea in the June quarter almost doubled to 2 million versus 1.1 million a year ago." Remember when people were worried about Korea's property and banking problems affecting Qualcomm badly? Well, those sales look pretty good to me and confirm the theory that Koreans have cancelled overseas trips and have put a bit of the money saved into cdmaOne handsets. Markets a sea of red today, Qualcomm included. Volume quickly down to twice normal after the big day. Here's a url ddi.co.jp with a map of Japan on it showing cdmaOne areas coming into service and when. You have to go to the bottom of the page and click on "cdmaOne" button. Tokyo [green] area won't be until April 1999. Kansai [purple] is covered now. Blue in December. Pink in Feb 99. Northern [the rest] also in April 99. 283bn Yen charge being taken by NTT DoCoMo to liquidate PHS. See url: 205.187.221.13 for interesting articles on Japan. 14 July item. So, you can bet that when Japan gets going on cdmaOne, it will be buying a lot more than Korea. Next year results are going to be red hot! This quarter revenue is pretty good, way up compared with same Q last year. Bit of a market downturn today! Mqurice 8 days to go...

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