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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.690.0%Dec 24 12:59 PM EST
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To: Ruffian who wrote (24013)3/10/1999 8:39:00 PM
From: Drew Williams  Read Replies (3) of 152472
 
Lately I have had several long chats with the security consultant who does for Qualcomm what my company does here, which is to design and install sophisticated, integrated electronic security systems. We have contracted with him to do some work for one of our clients also located in San Diego. He says Qualcomm's complex has about 600 readers, and the system is growing. Managing this number of readers is a major job, by the way, and indicates a significant concern for security. The largest system we have installed to date is a cablebox manufacturer's engineering and administrative campus of four attached buildings with about 700 readers (and a great cafeteria.)

Minor technical lecture: A reader is one of those gadgets by the door that "reads" your ID card and lets you in. It could use any of several technologies, the most common of which are mag stripe (like on the back of a credit card) where cards are slipped through a groove, and prox (proximity) cards that only have to be within 6-8 inches of the reader to register. In very small systems, the smarts that recognize whether the card is legitimate may be in the lock itself. In large systems like Qualcomm's, the smarts -- and they can be very smart -- are sitting somewhere in a PC.

Anyway, he tells me that Qualcomm has told him he needs to block out some major time to look at significant new installations.

This may be a very leading indicator of future QCOM activity.
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