CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST! Message Board

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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!

QCOM 175.25

+0.6%

Dec 19 9:30 AM EST

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To: Uncle Mikey who wrote (1539)	1/20/1997 10:51:00 PM
From: Uncle Mikey	of 1819

Some highlights from this morning's conference call with analysts: CEO Jacobs said.. Sony/QCOM are presently manufacturing 200,000 - 300,000 handset per month, would not say exactly for competitive reasons. Costs of handsets are expected to come down considerably - to perhaps $100 in a year or so. No penalties have been impossed on handset sales - deliveries are meeting requirements. Is hopeful that Sprint revenue will begin to roll in this Q, but said only that things are progressing well and Nortel/QCOM infastructure should come on line in the near future. He expects that QCOM will proceed more with strategic alliances in the US (Nortel/Hughes) rather than make a major attempt to sell infastructure on QCOM's own. Not so in foreign markets - Jacobs talked about foreign markets, where QCOM will go it alone. He mentioned Russia and India as two places currently undergoing standardization testing and was optimistic that contracts will be announced soon. He said QCOM was working on "a couple of handfulls" of other similar deals in foreign markets and exploring many many other oportunities that are not as far along. Mentioned Hitachi alliance and said he expects something to be happening in Japan "next year" - Unclear if that means 1997 or 1998. License revenue will be going down this year as many partners have already come on line and have paid upfront license fees. But royalties will begin rolling in as systems are deployed and will be an added source of recenue. R&D was 22% of sales a year ago, now is just 12% of sales because revenue has increased. Working on various systems to permit high data rate transmissions. Working on new handset to be released this year. *Working on new phone features such as email and voice mail. Just business as usual in one of America's finest companies!

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