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

To: JGoren who wrote (36970)	7/23/1999 11:03:00 AM
From: SpudFarmer	Respond to of 152472

You are right, this is good news. Maybe a change of heart is good. Is it possible that they are finally conceding, or taking the easy way out? Think that they will ride the Q coat tails and drop WCDMA?

To: JGoren who wrote (36970)	7/23/1999 11:13:00 AM
From: LBstocks	Respond to of 152472

ERICY to buy QCOM chips: Ericsson's Hellstroem on Cost-Cutting, Profit Outlook: Comment Stockholm, July 23 (Bloomberg) -- The following are comments by Kurt Hellstroem, president of Ericsson AB, the world's No. 3 mobile phone maker. The company said second-quarter profit slumped 32 percent, hampered by costs for job reductions and new products as well as a drop in mobile phone sales. ''We have been delayed with the introduction of our new product platform, which has put us in the situation where we are at today,'' said Hellstroem at a press conference in Stockholm. ''Our new program will hopefully change the picture quite dramatically for us.'' He added that the company targets to get back to double- digit margins in mobile phones next year. ''It's feasible,'' said Hellstroem, though adding that the company probably won't meet the double-digit margin target in the fourth quarter, as previously announced. On a conference call, Hellstroem said Ericsson plans to introduce a phone based on code division multiple, or CDMA, technology in the second quarter next year, based on chips from Qualcomm Inc. He added that Ericsson's CDMA infrastructure, acquired this year from Qualcomm, will start generating significant sales next year. ''We have (CDMA) products today, but no complete system,'' said Hellstroem. Ericsson said it would speed up its cost-cutting program, aiming to save 750 million kronor this year and another 2.75 billion kronor next year. ''We are talking about some 15,000 jobs that have to change, through retraining and outsourcing, but also through layoffs,'' said Hellstroem. ''Our products, both in manufacturing and in the implementation in the field, need much less manpower.'' Looking ahead, Ericsson said there's ''uncertainty'' in terms of the development in certain markets. The U.S. passed China as its biggest market in the first half as Ericsson sold fewer phones in China, while there's been a slowdown in investments there, Hellstroem said. Still, ''the underlying growth in China is extremely positive -- it's growing by more than 1 billion subscribers in the cellular systems per month,'' he added. ''Sooner or later, the investments will have to come.''

To: JGoren who wrote (36970)	7/23/1999 11:19:00 AM
From: LBstocks	Respond to of 152472

Reuters article on ERICY/QCOM deal: 07/23 10:47 Ericsson to debut CDMA mobile phone Q2 2000 STOCKHOLM, July 23 (Reuters) - Swedish telecoms group Ericsson <LMEb.ST> will launch a mobile telephone for the CDMA (Code Division Multiple Access) standard in the second quarter of next year, the company president said on Friday. Initially, Ericsson would not manufacture the core parts for the CDMA phone on its own, but would instead buy them from Qualcomm <QCOM.O>, Ericsson President Kurt Hellstrom also told a teleconference. In March, Ericsson and Qualcomm announced the settlement of a patent dispute under which Ericsson said it would support the CDMA mobile phone standard, which is developed by Qualcomm and mainly used in the United States. At the same time Ericsson said it would buy Qualcomm's terrestrial CDMA wireless infrastructure business. ((Salomon Bekele, Stockholm newsroom, +46-8-700 1016, fax +46-8-211601, stockholm.newsroom@reuters.com))

To: JGoren who wrote (36970)	7/23/1999 11:21:00 AM
From: SpudFarmer	Read Replies (1) \| Respond to of 152472

Some new thoughts on 2 Q discussions: Since I am not one to follow too many rules, for the sake of not offending anyone, I will not post on the other board. Most of my investing style is not technical. Although superior technology is very important, the details are beyond me (not good with electronics). Technical details are very good and many of the posters have educated us all. My thanks. Investing for me is much more than technical details. It requires more than that to succeed. I thought that one purpose is to get a pulse on what people truly PERCEIVE about the future of the company. To me that is what speculation is all about. I could be wrong, but time has proven to me at least, that this is true. (so far) My PERCEPTION about the company has not changed, and I doubt that it will for quite some time. Yes the price does influence this, but discussion is what brings it back. I will try to bring some insight, humor, and levity to heavy situations. Would appreciate some from others. Will try not to bring anger, but it is welcome from others. That is part also. Don't believe in the sterile PC world. Don't want to live in it either!