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

To: quidditch who wrote (3361)	11/17/1999 8:53:00 PM
From: cfoe	Respond to of 13582

Opinions invited I wrote this before, but it is always good to reexamine ones opinions. In my notes from listening to Paul Jacobs at the DI conference last week, I mentioned that carrier (SP) adoption of 1X/HDR is one of the key variables not in QCOM's direct control. I would expect that many (most?) of the SPs are still run by telcom heads. Jacobs more than indicated that voice is still the cash cow for the mobile SPs and moving from the known cash cow to the unknown data market, despite all the "hype" is going to take some "enrollment." So I still conclude that one of the main motivating factors for the Korean investment was to get HDR out there. Also, I think it could be a good laboratory for seeing what services will be wanted by the mobile public and which ones won't. And if successful, it might also turn out to be a good financial investment. They can certainly sell the stock in the future. That's all I see for now. Maybe we could start a conversation about potential purchases? Actually, maybe this should be by PM so we don't get rumors going.

To: quidditch who wrote (3361)	11/17/1999 9:15:00 PM
From: SKIP PAUL	Read Replies (1) \| Respond to of 13582

The Q's investment has already appreciated 20% in Korea Freetel stock price. If the Won appreciates to 900 as expected that could boost the return even more. Considering all the other potential benefits of this investment I would say an excellent timely investment decision by management. Beats Treasury bills.

To: quidditch who wrote (3361)	11/17/1999 10:02:00 PM
From: Bux	Read Replies (1) \| Respond to of 13582

If HDR adoption on its own (i.e., without Q's financial support) by CDMA carriers can not make it on its own, have we oversold ourselves on HDR's prospects? I wouldn't think so, but Q's investment makes one wonder. Was the investment necessary to keep the cows in the corral? Korea was one of the early test-beds of CDMA voice services. I recall that Qualcomm had invested in this roll-out and received substantial benefits from the real-world data that was collected from this large-scale deployment. Korea has skyscrapers, rolling hills, shorelines, rainstorms, and a large population to actually load the system. Qualcomm did not release it's computerized IS-95 network optimization and tuning software until a year or two after the first networks had been rolled out. The data collected from a real-world roll-out will assist Qualcomm in optimizing HDR. Granted, it is not as important this time around since HDR has more similarities to IS-95 than differences, however, it's in Qualcomm's best interest to have a full-scale HDR roll-out as soon as the ASICS are starting to roll out of the chip foundries in commercial quantities. I think demand for HDR will be so explosive early in the adoption curve that Qualcomm's Korean investment is a wise way to gain real world HDR experience as soon as possible. It would be time and cost prohibitive to gain the same amount of experience on a test-bed constructed entirely at Qualcomm's expense. Bux