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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: michael_c who wrote (27438)	7/7/2000 5:15:05 PM
From: tinkershaw	Read Replies (1) \| Respond to of 54805

>Then why is todays news considered negative for QCOM?? I have seen no source state the Q's IP does not cover WCDMA. The major concern is uncertainty regarding (1) will Q get the same royalty rate and (2) will Q's chip dominance remain. As for (1) Q has been consistent in stating YES; as to (2) the company has hedged its bet a bit in statements stating that WCDMA might provide a more competitive chip environment - emphasis on "Might." It is this uncertainty, and the Street hates uncertainty with a passion, that it creating this unrest. In addition, Q is universally envied by its competitors. Envied to the point of hate. This hatred leading to all sorts of press releases framed in a manner targeted to make Q look bad. Ericsson itself admitted to outright lying prior to its settlement with Q in early 1999. The same environment existed with Rambus. Companies are like groups of people. The lone superstar is singled out and picked on behind its back by all the remaining normal folk. The press picks up on this, the stock falls precipitously, and we are stuck with the dilemma of believing the FUD (which is sometimes right) or salivating and diving in to what seems like a supremely undervalued stock at this point in time (for those holding through the 3G Tornado). My opinion is that I have no idea how far Q will drop. However, this whole commotion has nothing to do with Q business fundamentals. Qualcomm is the ruling Gorilla of the 3G tornado. Until such Tornado begins to blow all the dependent companies such as Nokia (as great of a company as it may be) will continue to posture at Qs expense if for no other reason it feels good to strike out at those who have power over you (allah, MSFT (where even RNWK's CEO Rob Glazer has told fibs), INTC, RMBS, CSCO, etc.) and to be able to get away with it to boot. It is human nature. For those who follow the markets and Gorilla's closely, we have seen this before and been here before. Time will tell, and it seems that time is on Qs side. I am looking forward to making money off of Q again in the future - all over again as its stock price continues to sink far below what is warranted by the news. Tinker

To: michael_c who wrote (27438)	7/7/2000 5:24:33 PM
From: gdichaz	Read Replies (1) \| Respond to of 54805

Lets think about today. Bloomberg and Dow Jones put out pitifully wrong info - a trained chimpanzee would recognize how wrong - internally inconsistent - using quotes from last Friday as if fresh - and on and on. Free lunches don't explain that. Market manipulation may. Note: The attack was not just on Qualcomm but Samsung also. Why? What Samsung just announced must send shivers of fear up and down Nokia's and Ericsson's back (and hit the European cabal hard) As a result, Europe's UMTS (laughingly the European version of WCDMA) may be dead on arrival. (Just IMO) (Expect Eric L has a different view - chuckle) Why? If Samsung's CDMA2000 will provide 1X (IS-95 C) in October of this year on current spectrum and 5Mpbs in the second half of next year, that is game, set and match. UMTS is dead. Well, maybe not quite. The new spectrum awaits. But Samsung using CDMA2000 3X can move data at 15Mpbs. UMTS can't. But then, the "media" enjoys the lunches the Europeans and their allies provide - and perhaps a bit more? Naw, of course not. Bloomberg and Dow Jones are pillars of truth, no? Again, perhaps, but perhaps not. Accident? Coincidence? Maybe. But isn't it curious that no repeat no US "media" has bothered to check the "facts" or the "real situation" in Korea. Even the "analysts" have checked and reissued their strong buy recommendations - except Synder and Cabi of course. So why can't the media do it's alleged job? Hmmmmmm? Best. Cha2 ... PS Note the Korean "WCDMA" seems to be CDMA2000 1X with HDR with a few bells and whistles and with a sprinkling of CDMA2000 3X (whether MC or DS). That bears no resemblance to the European version - UMTS.