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

To: kech who wrote (12862)	6/22/2000 7:50:00 AM
From: foundation	Read Replies (1) \| Respond to of 13582

I have two concerns: 1) If WCOM/Sprint falls apart (as appears), Street wisdom has European telcos (German, French and English, in that order) in line to snap Sprint up. If so, will they play with Sprint's planned 3G build-out? Will they play (W)CDMA politics? Along with Verizon, will the "big 2" planned US 3G CDMA build-outs be under European corporate control? Or, from a positive perspective, would this lead to European softening on CDMA? 2)NTT DOCOMO KEEN ON S.KOREA, MUM ON SK TELECOM STAKE - NTT is trying to get its nose under SK's tent. Same questions and possibilities apply here as noted above . regards, blg

To: kech who wrote (12862)	6/22/2000 2:09:00 PM
From: A.L. Reagan	Read Replies (2) \| Respond to of 13582

One to two years can make a big difference. Longer time means lower NPV of expected royalties to Q. Tom, your insightful analysis is appreciated in terms of framing some of the key issues, especially the gorilla game read that Q is the alpha male primate (sorry Al Gore) in the MC jungle, but perhaps only lead chimp in the DS jungle. (You may have reversed proprietary and non-proprietary in your post, but I get the drift.) So it's actually a pretty interesting trade-off to ponder: 1. Would it be better to have both MC and DS modes hit the streets ASAP in terms of the NPV of the royalty stream, and possible QCOM DS ASIC sales; or 2. Would it be better to have DS deployment be delayed on the theory that this will increase the market opportunities for MC and thus the Q's gorilla power? I tend to agree with you (and IJ's public statements) that #1 is a better answer in view of the various roadblocks the TDMA and GSM'ers have at their disposal to defeat incremental deployments of MC. But that then begs another trade-off question - to the extent that unsettled IPR issues with the Q motivates the TDMA/GSM'ers to hunker down a while with GPRS and EDGE rather than ante up (or, just ignore the Q for now and spin the bottle on litigation), to what extent (if any), if you are the Q, do you attempt to sweeten the deal? Or just let the chips fall? As the Verve has observed, mightily complex. Many chess moves, many differing probabilities, many different possible monetary outcomes. This will make one hell of a B-school strategy case!