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

To: Neal davidson who wrote (53691)	12/12/1999 7:24:00 PM
From: Jon Koplik	Respond to of 152472

I think his fund did not exist until Sept. 1999. Jon. eom.

To: Neal davidson who wrote (53691)	12/12/1999 7:39:00 PM
From: Don Edgerton	Respond to of 152472

Re: NOK purchase. Reasons for NOK to be buyer: To keep it away from ERICY and MOT China UNICOM build out and the huge CDMA market in China. Immediate increase in US CDMA market penetration using its already powerful brand. Likely to lower overall cost vis-a-vis paying royalties on CDMA chipsets which it is making in house and has to spend R&D on. Concerns: Anti-trust. NOK has 35% market share in the US. Is the relevant market all PCS/Cell phones or only CDMA? Judge Jackson defined the MSFT relevant market as Windows and left out Apple and Unix/Linux. Would DOJ feel the same in this case. Europe not likely a problem since Q not a major factor there yet. High premiums with a week to go make call spreads look pretty good. Miss out on top if there is a blowout- but if Q trades sideways until Friday, the out of the money call will slip fast. I'm still a put player though. On Jan 420s about a $50 upside on a $25 up move in Q. Downside less than owning equal number of shares by about $25. Aloha