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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: rgammon who wrote (5019)	5/26/2000 2:58:00 PM
From: tero kuittinen	Read Replies (3) \| Respond to of 34857

No, Robert - Qualcomm does not own "the" CDMA patents. It owns several crucially important CDMA patents. That's not the same thing. We don't know how the W-CDMA situation will play out. It is possible that Qualcomm will end up paying Nokia for every W-CDMA chipset it ships. It is also possible that Qualcomm will end up getting 5% from all W-CDMA products and Nokia will end up with a nearly meaningless cut. We don't know. We just don't. There is no certainty about the IPR payment balance in W-CDMA. And in a year or two that matters a whole lot more than the IS-95 IPR situation. It is exactly this "Qualcomm owns the CDMA patents" line that lured individual investors to buy into QCOM at 160 bucks, 120 bucks and 80 bucks. The element of uncertainty about 3G was glossed over by the cheerleaders. Now that the uncertainty is finally damaging the stock, these same cheerleaders try to blame "market makers", "shorters", "communists", "Europeans", "Maria Bartiromo" and various other easy marks for victimization. But the hypesters are blameless, of course. They have no responsibility for whipping up the earlier frenzy. Tero