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To: J Krnjeu who wrote (20864)	5/30/2000 10:54:00 PM
From: Dealer	Read Replies (1) \| Respond to of 35685

QCOM--Qualcomm Shares Waver Associated Press Online - May 30, 2000 18:53 NEW YORK (AP) - Shares of Qualcomm Inc. gyrated wildly Tuesday following news that a major Chinese customer will not adopt the company's mobile phone technology. China Unicom, the country's second-largest telecommunications company, reportedly told industry analysts during a briefing Monday it will not adopt the CDMA wireless telephone standard and instead will stick with a competing one. Shares of Qualcomm, which have dropped more than 40 percent over the past two weeks over worries, fell as much as 9 percent in early trading Tuesday before surging back into positive territory as investors sought bargains on the beaten down Nasdaq Stock Market. Shares rose $10.313, or 16 percent, to $76.375. Despite the reports, which have appeared in several media outlets including the New York Times, Qualcomm remained upbeat about its prospects. "We expect to see CDMA deployed in China and are hopeful that it will begin soon," Qualcomm spokeswoman Christine Trimble said Tuesday. CDMA, or code division multiple access, is a digital technology that provides better quality service and reliability and is more easily adapted for Internet applications. Under a February agreement, Qualcomm would provide its CDMA technology to Chinese cell-phone manufacturers at a discounted royalty rate, provided the companies buy their chips from Qualcomm. China Unicom had planned to replace its existing cellular network with one using CDMA technology. In March, however, after a series of delays and a number of lukewarm comments, Chinese officials seemed to be backing away from their commitment to CDMA, though they denied that the deal had been called off. Pessimism over the deal have sent Qualcomm shares plummeting recent weeks. As recently as March 31, shares of Qualcomm were trading around $150. Separately on Monday, China Unicom unveiled plans to launch an initial public offering next month. The telecom company expects to raise as much as $5 billion in its offering, which will be made both in Hong Kong and New York.

To: J Krnjeu who wrote (20864)	5/30/2000 11:32:00 PM
From: techguerrilla	Respond to of 35685

Qualcomm's superior technology . . . . will win out over Nokia. The Finns are delaying the inevitable. Eventually, HDR will cause a closer analysis of bandwidth and data speed. This will all clear up by October. I expect a major run by Qualcomm much later this year. It will all be coordinated with the October earnings announcement, the conference call outlining end-of-the-year shipments, and national election hoopla. "Merry Christmas from Dr. J." This Qualcomm funk of May has been a huge, huge joke. I'm even expecting to recover my Jan2001 calls (strike price: 175) in my IRA during the end-of-the-year tornado. Wake me up so it doesn't blow my house down. Actually, to be honest with you, we had a horrible wind storm the other day here in Chicago and a tree, in fact, DID land on my house. <ggg> What else could go wrong? Q rocks. It's just a matter of time. We all know that. Just porchin' John