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

To: D.J.Smyth who wrote (13097)	6/23/2000 7:13:00 PM
From: Eric L	Read Replies (1) \| Respond to of 13582

Darrell, << call them Eric. ask them >> Now that it is clear to me that you are referring to Nokia Investor relations, I will take your word for it. << he apologized because he felt the Dow Jones improperly made the implication that Nokia was visiting Qualcomm to establish a "new chip deal". He told NOK this was not his meaning at all. >> Thank you for responding. It was not exactly clear to me from your post what NOK stated he was apologizing for. Perhaps Dow Jones will retract. I'm not counting on it. Perhaps Pete will comment further. << He must still believe Qualcomm chipsets are "superior" to all others >> I don't think he is the only one that has that impression. << Do you want to own a company who sells inferior chipsets - especially for a technology as important as CDMA? >> No! << NOK should stop telling analysts at their semi-annual meetings (and on roadshows) that their CDMA chipset solution is not "inferior" to Qualcomm's if what Peterson states is true. Someone is lying. It's either inferior or it's not >> Yes. It's either inferior or it's not. Perhaps, at their semi-annual meetings (and on roadshows), in the near future you will hear NOK stating that they are working diligently to improve the industry perception that their CDMA handsets are not competitive in the market today. They need to do something, because that seems to be the perception that exists. Peterson is hardly the only analyst to comment on this. If I might, I'd like to repeat your comment from the Raging Bull Post: "NOK also stated that they are committed to using their own CDMA chipset designs and 3g solutions. They stated that they were in San Diego speaking with Qualcomm, but that they speak with them all the time and it represented nothing more than normal run-of-the-mill business." Even IF NOK was at Qualcomm headquarters today (which I guess this confirms), and they were specifically discussing QCOM CDMA chipsets, wouldn't it be highly unusual for NOK Investor Relations, to make a statement materially different than that which you report? - Eric -

To: D.J.Smyth who wrote (13097)	6/23/2000 10:35:00 PM
From: marginmike	Respond to of 13582

Get a life, NOKIA's CDMA chips suck, Pete peterson didnt need to tell anyone that. THE CONSUMER has spoken.

To: D.J.Smyth who wrote (13097)	6/23/2000 11:16:00 PM
From: Eric L	Read Replies (1) \| Respond to of 13582

Darrell, Odd. Evidently Megan Matthews of Nokia did not mention Peterson's "apology" to Joe Kernen of CNBC who picked up on the Dow Jones story: >> *3. Nokia Corporation {NOK}* cnbc.com Nokia executives have met with Qualcomm Inc. {QCOM} officials about the future use of Qualcomm?s CDMA-wireless technology chipsets, an analyst said Friday. The talks, which have not been confirmed by the companies, could represent a radical shift in Nokia?s stance toward using Qualcomm?s chips. Nokia has long maintained it will use only its own CDMA chipsets in wireless phones. Pete Peterson, telecommunications analyst with Prudential Securities, said "we have confirmation that Nokia executives were at Qualcomm?s headquarters in San Diego." The phones Telson is to make for the Korean market will use Qualcomm chipsets, said Nokia spokeswoman Megan Matthews. But she said the arrangement is a short to medium term solution to get Nokia phones into the Korean market. "We are not in negotiations with Qualcomm for direct purchase of their chipsets," Matthews said. "We are sourcing a certain product with an outside vendor (Telson) that will contain chipsets manufactured by Qualcomm. All these products will be Nokia-branded and have the Nokia use and feel." She added that the company will continue to produce its own CDMA-based chipsets. "This (Telson arrangement) is only to fill a time gap," Matthews said. She said the phones will be sold into the Korean market beginning in 2001. Nokia has no penetration in the Korean market, even though one of its largest plants is located there. Matthews said the phones will be second-generation handsets, which are capable of handling more data applications. Mark Roberts, an analyst with First Union Securities, said if the Telson phone is successful, it could be sold in other markets. "The significance for Qualcomm is that the phone will be designed around the Qualcomm chipset, not Nokia?s," he said. "For every CDMA phone that?s sold, a royalty has to be paid to Qualcomm. When Qualcomm can sell a chipset into the phone as well ask a royalty, it doubles their revenue." << - Eric -