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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: JohnG who wrote (73905)	6/14/2000 9:26:00 PM
From: JohnG	Respond to of 152472

More Dow J on Thornley and China roll out and Korea subsidy cut. JohnG DJ Qualcomm CFO:Early To Gauge Impact Of Korean Subsidy End Dow Jones News Service ~ June 14, 2000 ~ 11:45 am EST (MORE) DOW JONES NEWS 06-14-00 11:45 AM DJ Qualcomm CFO: Confident Of Globalstar But Growth Slow (MORE) DOW JONES NEWS 06-14-00 11:49 AM *DJ Qualcomm CFO: Globalstar Demise Could Cut 10c From FY01 (MORE) DOW JONES NEWS 06-14-00 11:55 AM =DJ Qualcomm CFO -2: Confident Globalstar Will Survive By Marcelo Prince NEW YORK (Dow Jones)--Qualcomm Inc. (QCOM) financial chief Anthony Thornley said Wednesday it's too early to estimate the impact the South Korean government's decision to end handset subsidies will have on the company's business. Speaking to a room overflowing with investors at a Bear Stearns technology conference, Thornley said the company is evaluating South Korea's decision last week telling service providers they must end subsidized wireless phone purchases. But he noted that the government has been unsuccessful in making previous orders, which lasted for one to two months, stick. However, since Korea accounts for 20% to 25% of the total worldwide CDMA market, if domestic Korean handset sales dry up it could "potentially have an impact," he said. Thornley said the company hoped to provide further guidance on the issue in its third-quarter earnings conference call in July. When asked about the status of Globalstar Telecommunications LTD. (GSTRF), a struggling satellite phone service, Thornley admitted that its "growth has been very slow," but he said Qualcomm remains committed to the venture. "There is a cash question, existing cash runs out relatively soon," but Thornley said he's confident that Globalstar will ultimately attract enough subscribers to survive. He said Globalstar needs one million subscribers to break even. He noted Qualcomm has shipped 40,000 phones with its technology so far to South America and plans to ship another 40,000 for Global Star customers by the end of its fiscal year. In response to a question, Thornley said if Globalstar fails, it could have a 10 cent a share impact on Wall Street's earnings estimate of $1.45 a share for fiscal 2001, depending on how much other sales could offset the Globalstar business. Qualcomm shares recently traded at 75 3/16, down 6 3/16, or 7.7%, on volume of 16.4 million shares, compared with average daily volume of 20 million. Globalstar shares recently traded at 7 1/4, up 1/4, or 3.6%, on volume of 2.6 million shares, compared with average daily volume of 3.6 million. (MORE) DOW JONES NEWS 06-14-00 01:03 PM =DJ Qualcomm CFO -3: Still Trying To Break Into China Market Qualcomm's Thornley also discussed the company's ongoing wrangling to enter the Chinese cellular phone market. In February, Qualcomm signed an agreement with China Unicom, the country's second-largest wireless provider, to use its CDMA technology. More recently, China has given conflicting statements regarding its intentions to roll out CDMA and has said it will expand the use of a rival technology, GSM. Thornley admitted that China has made contradictory remarks but said it will roll out CDMA. "What they did not say is how extensive that roll-out is going to be," he said. He forecast that China Unicom will begin extensive use of Qualcomm's technology in calendar 2001. In addition to its deal with China Unicom, Thornley said Qualcomm has an arrangement with Great Wall Mobile Communications to reach the Chinese market, but Great Wall is half owned by the military and has also delayed the roll-out of its wireless system. "That issue, we believe, will be resolved," Thornley said, by the military transferring its stake to Unicom or some other company. -By Marcelo Prince, Dow Jones Newswires; 201-938-5244 (END) DOW JONES NEWS 06-14-00

To: JohnG who wrote (73905)	6/14/2000 9:45:00 PM
From: JohnG	Read Replies (1) \| Respond to of 152472

AOL/SprintPCS/NOK connection. The question is whether NOK will be forced to use QCOM ASIC's in these phones that will be running in a 1X MC network. JohnG americasnetwork.com Exclusive Website Story AOL ANNOUNCES WIRELESS PLANS Paul DeVeaux America Online, Inc. (AOL) today announced its plans to deliver AOL features and services to wireless consumers through a series of agreements with wireless data carriers, device, and mobile phone manufacturers. These agreements are part of the company's "AOL Anywhere" strategy to make its brands and features available to online consumers across a range of devices. Today's announcements include "AOL Mobile Messenger" service, which will offer wireless access to AOL's e-mail and Instant Messenger applications over personal, mobile paging devices. With these announcements, consumers will be able to access AOL products and services through wireless relationships with several partners, including: ú Sprint PCS: AOL joined with Sprint PCS, to deliver 'AOL Wireless' content and services to consumers via Sprint PCS Internet-ready Phones; ú Nokia: Nokia and AOL plan to develop a version of the AOL Instant Messenger service for a variety of Nokia's wireless handheld devices; ú Motorola: AOL and Motorola plan to deliver AOL Mobile Messenger services over a full array of Motorola wireless devices; and ú BellSouth: AOL will use the BellSouth network in its new AOL Mobile Messenger service and plans to offer AOL's e-mail and AOL Instant Messenger service to consumers using BellSouth Intelligent Wireless Network-enabled devices.

To: JohnG who wrote (73905)	6/14/2000 11:03:00 PM
From: uthabros	Read Replies (1) \| Respond to of 152472

I just love these guys. I'm sure he is just as astute in his analysis as the guy from Paine Webber who said QCOM would go to $800 ,pre split, at the beginning of the year. Which one should we believe. The timing of the analysis means everything I guess!