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Technology Stocks : QUALCOMM-The Wireless Wonder in 1999 -- Ignore unavailable to you. Want to Upgrade?

To: GO*QCOM who wrote (296)	6/2/2000 3:59:00 PM
From: GO*QCOM	Read Replies (1) \| Respond to of 343

BOTTOM LINE...QUALCOMM GETS PAID!Dow Jones Newswires NEW YORK -- Some $60 billion in contracts expected over the next few months in Europe is one more sign of tremendous earnings potential in the wireless sector, Salomon Smith Barney analyst Alex Cena said. The contracts will be awarded to such suppliers such as Nokia Corp. (NOK) and L.M. Ericsson Telephone Co. (ERICY), all of which will have to pay royalties to Qualcomm Inc. (QCOM), Cena told CNBC-TV in a joint interview with PaineWebber analyst Walter Piecyk. "Things look great for both operators and equipment companies," said Piecyk, whose top wireless stock picks are Nextel Communications Inc. (NXTL) and Motorola Corp. (MOT). Nextel has a strong business in South America, particularly in Brazil, and its cash flow multiple trades at half of its value or less, he said. Motorola also offers "exceptional value," and may beat earnings estimates, he said. As people shift their Internet usage patterns to accommodate mobile communications devices, "many wireless operators could challenge the stranglehold that guys like AOL (America Online Inc.) and Yahoo! Inc. (YHOO) have on the net," Piecyk said. His top wireless picks are Nokia and Ericsson. -Christine Nuzum; Dow Jones Newswires; 201-938-5172