Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.05

+0.6%

Nov 19 3:59 PM EST

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To: Maurice Winn who wrote (21620)	1/19/1999 7:29:00 PM
From: John Hatten	Read Replies (1) of 152472

CONF CALL HIGHLIGHTS A few notes from the conference call. 1) Brazil liscense will bring 1 billion in infrastructure business over the next 3 years. 2) Japan CDMA subscriber growth beginning to ramp up. One carrier with 370,000 and growing, another one getting ready to come on line 3) Irwin optimistic China will open up. 4) 3G - support for 4.096 chip rate is weakening 5) Margins continue to improve via improvements in manufacturing process and cost of supplies (Gregg had mentioned the same after his visit) 6) New phones will be introduced within a couple of months. PDq coming "soon" (according to Irwin) 7) San Diego factory augmenting phones to Brazil 8) QCOM considering an increase in phone production capacity 9) ASICS continue to do well. Shipped 5 million 10) Cash Balance 250 million. Payed down some debt. Q considering raising additional capital. (nothing new hear. They did not specify the tool for raising capital) 11) Continues to be large demand for phones 12) G* gateways complete. Service contract revenue for G* will continue to be strong at least through start of commercial service. 13) Getting costs under control and turning a profit a top priority for infrastructure division. Pursuing joint ventures. Not looking to sell division at this time. Overall impression - Although the analysts were not bursting with enthusiasm, they were not as skeptical in their questioning as the last conference call. Our friend CABI asked a question but did not mention missing his # of 70 cents a share. DR Jacobs was VERY UPBEAT and did a good job. The new president was also much more upbeat than his predecessor. Overall I would say they painted a good picture going forward. We will see with analysts comments tomorrow AM...Cautiously optimistic....JR

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