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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.32

+2.3%

Nov 21 3:59 PM EST

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To: Rajala who wrote (15493)	9/25/1998 8:17:00 AM
From: Rajala	Read Replies (2) of 152472

To all: Nokia CEO outlined his view on the future of the mobile business and upgraded the previous estimates on mobile business growth. He based his upgrade on the fact that in the leading countries the previously estimated saturation points had already been passed. In Finland the 50% mark was exceeded last month. He estimated that there will be 1 bn mobile subscribers year 2005. Also he said that in 2000 half of mobile sales will be replacement sales. IMO if we suppose that CDMA1 - CDMA2000 camp will be able to hold to its market share of 22.2% year 2002 as estimated by EMC, that means that this business sector increases from current 11M subscribers to 222M in seven years. This is a twenty-fold increase. Furthermore, if we factor in the replacement sales, there will be sales of no less than 422M CDMA1/2000 phones during the next seven year period. Whichever way you think about it, this is a s-load of phones. Or am I missing something? - rajala

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