Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.45

+1.7%

1:01 PM EST

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To: kech who wrote (20092)	12/19/1998 10:19:00 AM
From: DaveMG	Read Replies (2) of 152472

Tero, I felt obligate to post this here (From Noka thread). I noticed many of these things you bring up. I don't agree with you that one can draw obvious conclusions from the statement, and I'm still not convinced though I am hopeful that Gregg is correct either.I also don't believe we should read too much into these stock price movements. There are very few blocks of more than 10k shares trading, which means there is not much institutional participation in Q trading whatsoever. Wall St is staying away until the "noise" abates. Clearly, whether the stock price is being driven down or simply falling, we are at risk of being taken over. "Clark... did you notice that the NTT consortium includes companies like Sonera and Telia? Did you know that these Swedish and Finnish companies have collaborated with N&E for years on W-CDMA and Sonera is going to bid for Europe's first UMTS license in a couple of months? The Italian, German, French and English operators of the alliance are major customers of N&E. NTT's most important non-Japanese company in their 3G handset development effort is Nokia - their number one partner in 3G infrastructure development effort is Ericsson. Doesn't this ring any bells? These companies constitute the core of Nokia's and Ericsson's most important corporate customers and allies. And now major Asian companies are siding with this core group. Hello? Is it any wonder Wall Street connected the dots on Friday? The idea that this consortium is going to decide against W-CDMA and in favor of Qualcomm flies against everything we know about these companies, their current partnerships and their past behaviour. For God's sake, didn't you notice Qualcomm's stock price plunging immediately after the announcement and Ericsson's rebounding from their day's lows? In Qcom thread this has already been labeled as a move from a conspiracy trying to drive down Qcom price to make big purchases. Looking at the stock charts from the last two years I have to say that the conspiracy has been highly effective. But how come they never seem to start buying? "IPR licenses should be granted on fair, reasonable and non-discriminatory terms and conditions." Do I really need to spell out what this means for Qualcomm's 5% licensing fee request? This consortium is probably going to push for more or less equal licensing fees for Nokia, Ericsson and Qualcomm for W-CDMA. Of course they make non-committal, neutral press releases - they can hardly name themselves "Friends of Ericsson". By appearing objective and unbiased they gain the kind of credibility they are going to need when they crack down on Qualcomm. I'd say they are fairly effective - their declaration has already been seen as a rebuke for Ericsson. When the chips come down it is going to look like Qualcomm against 50 leading telecom companies and consortia. Good luck." Tero

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