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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Anthony who wrote (34153)	7/7/1999 2:39:00 AM
From: Caxton Rhodes	Respond to of 152472

Anthony, Sounds like something is up in the handset world down in Q town...Sony bails....Seimans...??? I think I saw Ramsey on TV slamming beers and diving for foul balls at the Pads-Giants game tonight. How 'bout those Giants Ramsey? Caxton

To: Anthony who wrote (34153)	7/7/1999 5:14:00 AM
From: Maurice Winn	Read Replies (3) \| Respond to of 152472

Just guessing, like everyone, but it seems that Sony is going to sell their half [49%] share in Qualcomm Personal Electronics to Siemens [not that I have any basis for thinking Siemens is involved other than conjecture on this thread]. Sony must be going to bail out of handsets and perhaps concentrate on Anita [TM] type devices as an adjunct to their very successful notebook computer business. There are several highly successful Japanese cdmaOne handset makers and maybe the Sony handsets aren't selling too well. Sony has got a very impressive building and parking lot in San Diego. From Katsumi Ihara's comments, it doesn't seem that they are going to be cutting things down very much. As mentioned earlier, I'm glad I visited Building Q! before the L M Ericsson signs went up on the old HQ! Design Centre. Somehow, in 1994, it looked like the future of the world sitting up there on the hill. Driving up Lusk Boulevard and seeing it for the first time after the little building down the valley was very impressive. Now it is reduced to a prosaic part of the worldwide deluge of cdmaOne which has become just another electronic device with market segmentation, product differentiation and focus groups. A chariot for swarms of MBAs to race around. Chattels to be bought and sold. Which in a way is precisely what needed to be achieved. Many feared Qualcomm was a retirement club for academic engineers. Well, they were sure proved wrong in the biggest way possible. CDMA is now a stupendously big money generator and there is nothing wrong with that. Billions of people will benefit. L M Ericsson is manning the production line. Great! Sad, but great! Still, the future beckons and off we race to cdma2000, ASICs, Condor, Eudora, OmniTRACS, Globalstar, CineComm and, assuming the handset division is still a Q! business, Anita [TM]. That's plenty to be going on with. Also, that sneaky thing WirelessKnowledge. There is a large article in The Economist about the internet. Business based internet will be very, very big time. WK might be a very important aspect of this in a year or three. We might get quite a surprise. And it seems such a tricky thing to get a grip on. Mqurice PS: Fun to see $150 be reached, . That was my original "Okay, I'll sell" price about a year ago when many would have been thrilled to get $40 [split adjusted]. My sights have been lifted. Not selling while the tsunami is still gathering height. It is getting annoying though, to have to consider that a fair value might be reached or exceeded sometime in the next year or so which would mean having to make a decision on continued ownership. No worries yet! It's easy if it's too cheap - just hold and wait and enjoy the revenue flood. On crude oil, it is almost double [Dubai Traded] the low of December. This is very big time. It seems OPEC has contrived once again to cut production to raise prices. This will bring in inflation and some sagging in the markets despite claims that oil is small time overall. It isn't. It is a lot smaller than it was compared with GNP and the Web crowd would just a laugh at it. Virtual reality will do away with the need for oil they'll say! But those USA highways are flat out. Steel is made from oil. So is rubber. So are planes and plane rides. Look out below. Fortunately, as with the Korean crash, this won't affect Q! sales one bit [well, not much at all] but people won't realize that initially and if there is a crunch in the markets, Q! will drop heavily too. Maybe more heavily if it has attracted a lot of margined .com speculators who will panic when a serious market bang happens.

To: Anthony who wrote (34153)	7/7/1999 10:04:00 AM
From: JohnG	Read Replies (2) \| Respond to of 152472

Sony's drop out of N American wireless--OK, this makes sense. They helped Q get started in phones. Q helped Sony get started in CDMA. Now Sony will focus their considerable wireless potential on the Asian Pacific. They intend to stay strongly in wireless in the future. Probably, Siemans has access to SiC technology and computers. Clearly, Siemans can compete W/ NOK & ERICY in Europe and help force a CDMA defacto standard in Europe. There is a soon-to-be empty phone plant in San Siego. So, Sony takes Asian Pacific; Siemans takes Europe; Q takes NJ America. Q overlaps into S. America & China & whereever the Koreans go. Has the possibility for dividing up the world and moving ahead at warp speed. Those nasty Sweeds and Finns just got too uppity. JohnG