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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (37)	7/22/1999 6:28:00 PM
From: Caxton Rhodes	Read Replies (3) \| Respond to of 13582

Ibexx, My take on the H&Q report. This is what I think about H&Q's report: They don't have a clue. 1) The Thin Phones will sell fantastically. 2) CDMA chipsets are tough to make. Q makes the best chips and will have the most advanced versions available. To assume that other players will gain major market % share Q is very questionable. 3) CDMA growth continues to be underestimated. 4) GSM dominance is over estimated. There is a lot of greenfields out there. 5) Phone replacements are underestimated. I'll bet a very high percentage of folks with Sony phones or the QCP 2700 will upgrade to the dual mode Thin 2760. 6) Q consistently under estimates its growth. Tony Thornley said specifically to use .86 per quarter going forward. Conservatively, that's 3.44 for FY 2000, not 2.70. Although at 38 x that's still only $130. However, 38 times is the average multiple, and Q is #1, and significantly above the average by at least a standard deviation. 7) Q is thinking 5-10 years out, H&Q is not. These guys recommended ericy right? ‘nough said. They listen to the GSM camps which are "living in there own little world." 8) LISTEN TO THE TECHNOLOGY. BWDIK, Caxton