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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: Ruffian who wrote (812)	11/3/1999 9:32:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 12242

Lucent has 10X Qualcomm's revenue. Qualcomm has got a long way to go still. Market capitalization of only $42bn means it is way short of being a giant. Wireless subscribers of only a few hundred million [must be over 300m now and most of those analogue and GSM - not to mention TDMA and PHS]. So there is huge CDMA growth still to go. Only about 50m subscribers now for CDMA. According to the 1999 results, the MSM chips are selling like hot cakes: <Shipped 14 million Mobile Station Modem (MSM„ ) phone chips to customers worldwide, including QPE, during the fourth quarter of fiscal 1999. Shipped over 39 million total MSM phone chips during fiscal 1999 and over 65 million total cumulative shipments of MSM phone chips.> With 23m CDMA subscribers at the end of 1998, that means there should be about 23+14+10+7 = 53m CDMA subscribers by the end of 1999 assuming that it takes 3 months from when an ASIC is sold until the subscriber is using the phone. But if there have been 65m MSM chips sold already, these should all be in use by the end of 1999. But many are now in the bin or museum pieces, so 53m must be about right. Good grief! At the beginning of 1999, 53m seemed a real stretch for the end of the year. But seems it will be easily reached. Tero was right though!! Good for you Tero to get a major thing right. The handset division couldn't foot it against the monsters such as Nokia. But I was glad to see that the royalties and ASICs were charged to the handset division as though they were a third party. Thank goodness those in this thread [well, the other thread] who thought the handset division could get away with no royalties were over-ruled by management. Another example of excellent Q! management. A shame that the handset division couldn't beat the competition even with winners like the pdQ and ThinPhone. Maybe China will buy the division and CDMA will be in China. Hutchison, China Telecom or such like might take it over. Qualcomm could just give it to them! The huge boost to CDMA in China would be worth it. Maurice