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

To: uel_Dave who wrote (45256)	10/18/1999 11:15:00 PM
From: SpudFarmer	Read Replies (2) \| Respond to of 152472

uel Dave: Your guess(?) is as good as mine. If Q follows any pattern, after a strong close, it usually opens down, followed by a leap skyward. Unfortunately, Q has a tendency to not follow patterns. I really wouldn't be shocked to see 205 tomorrow. I personally am not counting on any large moves (outside 190-210 range) until after earnings. Post earnings results, I will hold opinion until closer to date, due to short term memories, and to see where we are then. Would like to hear your opinion, and what others may think. I'm a little biased. (No kidding!) This slow bleed is clotted up. Dow up, S&P up, Naz only needs to catch on, then "To the moon, Alice". Q rocks, it is just a matter of time...

To: uel_Dave who wrote (45256)	10/19/1999 5:10:00 AM
From: Sommers	Respond to of 152472

Added yesterday at 190. Why? To use Mr. Malone's terminology, Q is in the sweet spot of the cellular broadband data revolution. From Intel's press release announcing the DSP deal: "Cellular voice and data applications are growing at a rapid pace and emerging cellular broadband data communications networks can enable new Internet applications. In addition, cellular communication is expected to be integrated into new types of Internet clients, such as handheld devices and mobile computers, which will include voice, data and Internet access." Godspeed, --Sommers

To: uel_Dave who wrote (45256)	10/19/1999 8:58:00 AM
From: Jenne	Respond to of 152472

Parsing the Logic Behind Intel's Purchase of DSP Communications By Adam Lashinsky Silicon Valley Columnist 10/19/99 7:00 AM ET JERUSALEM -- Folks at DSP Communications (DSP:NYSE), the Israeli chipmaker that Intel (INTC:Nasdaq) agreed last week to buy for $1.6 billion in cash, are still atwitter over the big event. I sat down Monday evening with three top executives at DSPC's Israeli R&D headquarters in the Tel Aviv suburb of Givat Shmuel, and two things became abundantly clear. One is that this is a group of really talented people who've been successful in a brutally competitive industry -- the market for designing chipsets for cellular telephones. The other is that Intel is paying a boatload of money for a tiny player with limited inroads into global cellular markets. In short, Intel is buying a group of smart engineers it may or may not be able to retain. "Intel put one and one together" and realized the value of connecting a billion computers, says Gabriel Hilevitz, executive vice-president and general manager of DSPC Technologies, the company's Israeli R&D arm. The billion he's talking about is the billion "platforms" Intel believes will be connected to each other in the not-so-distant future. In other words, Intel recognizes that, as growth in personal computers slows, it must move into so-called information appliances, many of which will have wireless components to them. The problem is that its acquisition of DSPC won't accomplish this goal in one fell swoop. DSPC is focused on one market, cellular-telephone handsets, and it gets the bulk of its revenue from one technology, the so-called PDC cellular standard used only in Japan. Annualized revenue is about $150 million. Yes, the company has expertise in digital signal processing, the sweet spot of the chip industry that Texas Instruments (TXN:NYSE) and Lucent Technologies (LU:NYSE)also are targeting. But so far, it has won only a sliver of the cellular market, and if Intel is to become a giant in devices, its new DSPC employees will have to refocus their attention, and quickly. From the talk on this side of the world, Intel has bought the right team. Eli Fogel, an ex-Motorola (MOT:NYSE) executive who's now chief technical officer of DSPC, notes that the company's annual turnover has been about 3%, not all of it voluntary. That's an extremely low churn rate for a 300-employee company, most of whom are engineers. Can Intel keep these employees happy? Hilevitz, noting that DSPC's employees already have generous stock-option packages, insists that Intel "will not disturb this balance." He adds: "That's the declaration we got from Intel." It might be a good idea to check back with DSPC this time next year and see if employee turnover remains at 3%. Incidentally, given that Intel's tender offer for DSPC is set to begin later this week, it's interesting that the stock is trading steadily so far below Intel's offer price of 36. DSPC opened and closed Monday at 35 1/16, nearly a buck per share below what Intel is offering to pay.