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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.91

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1:18 PM EST

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To: Gregg Powers who wrote (20045)	12/18/1998 11:27:00 PM
From: Michael Yi	Read Replies (1) of 152472

Gregg and all: I'm new to the thread but have been ready all your post and they have been very imformative. I have a theory I want to run past all who can provide an input. I believe the profit warning from the CEO of Ericsson today may have something to do with NTT Docomo and the European's statement today. Could it be possible that Ericsson learned of NTT and the European's decision to go with CDMA2000 a few days ago and as a result made another profit warning announcement today. This is the second warning just within a couple weeks of the first warning. Why else would a CEO make two profit warnings within such a short period of time? I believe the first profit warning a couple of weeks ago is based on the company's general poor performance in the past and going forward. But today's profit warning was made because of very recent revolation of the Asians and the Europeans deciding to go with CDMA2000. This is just a theory but if anyone can comment I would appreciate it. Yi

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