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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: SKIP PAUL who wrote (11711)	6/6/2000 11:27:00 PM
From: A.L. Reagan	Read Replies (2) \| Respond to of 13582

Which QCOM has already done with Ericsson (press release Mar 25 1999) and will presumably do with others if they agree to the same terms as Ericsson. Amen. As you have pointed out, this fact of life is not new news at all. Perhaps our threadmates who think that all CDMA is strictly a one-way "tollbooth" will finally get a clue. Crux of the matter is big swings in Q's long-term earnings based on where the future 3G world ends up in the likely continuum between 70/30 DS to MC vs 90/10. Sorry, optimists, but it won't be better than a 70/30 split. Q's best avenue is getting to market first and fast, which they seem to be doing, not trying to win the PR battles, which may vary in intensity, but have been ongoing in basically the same form for years. Even at the 80/20 midpoint, with Q getting say 10% of the DS ASIC business, the pro-forma numbers at full 3G adoption look pretty damn good to me vis a vis today's market cap. Lots of room for appreciation methinks. But there will be a continued rocky ride just as it was for lo those many years prior to 3/25/99.