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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: ciVic who wrote (54349)	12/30/1999 3:38:00 PM
From: Wayne Choi	Respond to of 108040

QCOM forget EOD targets, gapping up to 180 tomorrow

To: ciVic who wrote (54349)	12/30/1999 4:07:00 PM
From: johnsto1	Read Replies (1) \| Respond to of 108040

IFRS look at this:IFRS 62%institutional on 4mil float Although this is old news (July of '98) it may have something to do with the big move today, given the news today on Qualcomm and the share price increase of $156 to $659 / share. (SEE NEWS THE 2 NEWS STORIES BELOW) STORY #1 --> "NEW YORK, Dec 29, 1999 (Reuters) - PaineWebber on Wednesday said it had initiated coverage of Qualcomm Inc.(NasdaqNM:QCOM - news), developer of wireless telephone technology, with a buy rating and set a 12-month price target of $1,000. -- set believes Qualcomm ''represents an appropriate way to invest in the long-term growth trends of wireless and data.'' -- said Qualcomm, which developed the wireless technology, Code Division Multiple Access (CDMA), sells over 90 percent of the application specific integrated chips (ASIC's) used in CDMA phones and collects royalties for all CDMA phones. -- said believes by the end of the next decade 85 percent of phones sold will use CDMA technology (up from 18 percent today). This would create a 45 percent compound annual growth rate for CDMA and up to a $20 billion royalty stream for Qualcomm." STORY #2 -->"Wichita, Kansas, July 13, 1998 . . . IFR Systems, Inc. (NASDAQ/NMS:IFRS) announced today that it has entered into a royalty-bearing license agreement with QUALCOMM, Incorporated (NASDAQ : QCOM) that gives IFR the right to use and continue to develop QUALCOMM's proprietary software for production testing of Code Division Multiple Access (CDMA) handsets. The software is used by QUALCOMM to produce a wide range of CDMA products, including the latest QTM phone. "We are developing automatic CDMA test systems based on the QUALCOMM software. This will give handset manufacturers total confidence in the capabilities of IFR's test instruments as well as the benefit of international support through our world-wide service network," said Alfred H. Hunt III, president and chief executive officer of IFR Systems. James W. Silk, program manager, technology transfer - licensing at QUALCOMM, said, "This agreement benefits QUALCOMM, IFR and the growing CDMA manufacturing community. Rather than having to write their own test software, CDMA handset manufacturers will now have access to a professional test system from an internationally respected supplier." Hunt explained that when combined with IFR and other test instruments, the QUALCOMM software performs IS-98A parametric testing, and allows fully automatic testing of completed handsets including the critical intermodulation immunity check, which is essential for satisfactory handset operation. He said that the production software also includes calibration capabilities to optimize test system accuracy by compensating for cellular equipment errors and external losses." IFRS at $10+ ----> maybe soon, especially if they can demonstrate that there is indeed a strong increase in damand for their CDMA product line. Any Thoughts? Next Previous