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

To: waverider who wrote (73914)	6/14/2000 10:16:00 PM
From: S100	Respond to of 152472

Lucent disappointed over delay on CDMA decision Note the part at the end--- -------------------------------------------------------------------------------- United States telecommunications giant Lucent Technologies has expressed disappointment over the mainland's delay in adopting code division multiple access (CDMA) mobile technology. Lucent specialises in the US-developed CDMA standard but has had to concentrate on supplying infrastructure based on the rival European global system for mobile (GSM) standard this year. Mainland authorities want to use CDMA but are evaluating which type of CDMA technology to develop. The mainland's cellular networks at present use GSM technology. "Financially for Lucent today it has no impact on us - we shifted our resources and capability over to the GSM network in China," Lucent Technologies vice-president Scott Erickson said. "I'd be sitting here lying to you if I didn't say we were not somewhat disappointed that we are not in the current phase of deployment for existing CDMA networks," Mr Erickson said. Last week, Lucent announced a partnership with China United Telecommunications Corp (China Unicom Corp) - the parent of listing candidate China Unicom - to develop and deploy next-generation technology on the mainland. Mr Erickson said China Unicom Corp was adding 200,000 cellular-phone subscribers a week. China Unicom Corp recently caused uncertainty for Qualcomm of the United States - the developer of CDMA - after announcing a rethink of its mobile-phone strategy. The mainland's No 2 telecoms carrier said it would not use the existing CDMA second-generation technology as agreed in February, but instead would opt for third-generation technology. Trial runs on a new standard, known as CDMA 2000, would begin next year. Mr Erickson said Lucent had not experienced the same type of problems as Qualcomm in dealing with China Unicom Corp. In the past year, the company has signed contracts worth US$2 billion in Asia to supply wireless infrastructure, the growth of which is expected to continue as more customers access the Internet via their mobile phones. "It is envisioned that over the next two years here in Asia there will be more access to the Internet coming from wireless devices than there will be coming from wired computers in your home or your office," Mr Erickson said. Qualcomm Officials were quoted as saying yesterday that China Unicom Corp would not be liable for its decision to scrap the second-generation project so long as it could promise by the end of the year to roll out 10 million CDMA subscribers. scmp.com

To: waverider who wrote (73914)	6/14/2000 10:31:00 PM
From: S100	Read Replies (1) \| Respond to of 152472

Re How rich is he I think this post should give you a clue. Could a financial type run the numbers and tell us how much $100 (or pick your number) would be in 20 years at 300 or 400 per cent a year? From post 69914 Its all in a days work and what makes ya happy..I would say Greg has no problem getting 300/400 % return each yr ..I hv known him a few of those and I personally hv done well using his info.He was one of the first to call Qcom...one of In the old world theres was only buy and hold...today is a new world and we can use buy/hold and take a couple hundred k and set up a store of trading stocks...keeping our long positions..I CAN HONESTLY SAY THAT I KNOW FOLKS THAT TURN THOSE NUMBERS ONTO MILLIONS..NOT A BAD BIZ Better than owning a brick and motor store for the size of the investment. I agree that there are only a small number of folks with the talent but those who hv the gift ...do well..I call it creating disposable cash...spending money...new homes..fast cars..trips..xcitment...cashola..taxman I wish you all your dreams come true and holding Qcom long term is a winning hand...thats why its in my portfolio See Ya

To: waverider who wrote (73914)	6/14/2000 11:27:00 PM
From: gc	Respond to of 152472

Greg is smart. Most of the time he was right. You should be smarter too. Listen to him!

To: waverider who wrote (73914)	6/14/2000 11:44:00 PM
From: Boplicity	Respond to of 152472

By the way Rich, I'll consider myself wealthy if my two sons grow up to be successful and happy in life and wife loves me to her or my last breath. My comment in that post where about buying stocks that had fantastic runs and selling them at their prime, as opposed to buying them and holding them way past their prime. I'm talking stock now, not companies, there is big difference in this market. Right now it remains to be seen if QCOM the stock can get back to pass 200 even by the end of next year. greg