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

To: foundation who wrote (75903)	7/8/2000 3:18:00 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 152472

Does anyone have a way of checking to see what % of ownership Gregg Powers' investment company has now in Qcom, and therefore what activity there has been for the past few months? Thanks.

To: foundation who wrote (75903)	7/8/2000 3:56:51 PM
From: Return to Sender	Respond to of 152472

QUALCOMM Provides Update on Chipset Orders in South Korea SAN DIEGO - June 28, 2000 - QUALCOMM Incorporated (Nasdaq: QCOM) today announced that, based on recent feedback from South Korean customers and operators, the Company may experience modestly lower order levels for its chipsets in the fourth quarter of fiscal 2000 due to an anticipated decrease in domestic South Korean phone sales related to the elimination of phone subsidies. The Company will continue to work closely with its customers in South Korea to monitor the situation and evaluate potential offsetting factors, such as the introduction of carrier marketing programs in South Korea, increased export activity to other worldwide markets and the rapid deployment of Code Division Multiple Access (CDMA) 1x networks. Two Korean operators plan to commercially launch the world's first third-generation networks in the fourth calendar quarter of 2000. QUALCOMM does not expect these developments in South Korea to affect pro forma earnings in the third quarter of fiscal 2000. Third quarter earnings will be announced on July 19, 2000 at approximately 1:30 p.m. Pacific Standard Time. The Company expects to have and provide additional information on its expectations for the fourth quarter of fiscal 2000 at that time. QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's business areas include integrated CDMA chipsets and system software; technology licensing; Eudora® email software for Windows® and Macintosh® computing platforms; satellite-based systems including portions of the Globalstar™ system and wireless fleet management systems, OmniTRACS® and OmniExpress™. QUALCOMM owns patents which are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. QUALCOMM has licensed its essential CDMA patent portfolio to more than 75 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2000 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM. Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including fluctuations in the South Korean phone market and its potential impact on the Company's CDMA chip business, timely product development, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 26, 1999, and most recent Form 10-Q. ### QUALCOMM, Eudora and OmniTRACS are registered trademarks and OmniExpress is a trademark of QUALCOMM Incorporated. Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated. Windows is a registered trademark of Microsoft Corporation. Macintosh is a registered trademark of Apple Computer Inc. All other trademarks are the property of their respective owners. Contacts: Julie Cunningham Investor Relations Phone: 1-(858) 658-4224 Fax: 1-(858) 651-9303 e-mail: juliec@qualcomm.com Richard Grannis Treasurer Phone: 1-(858) 658-4817 Fax: 1-(858) 651-4734 e-mail: rgrannis@qualcomm.com qualcomm.com

To: foundation who wrote (75903)	7/8/2000 3:59:56 PM
From: Return to Sender	Read Replies (2) \| Respond to of 152472

Financial Summary QUALCOMM, Inc., a provider of digital wireless communications products, designs, develops, manufactures, markets and licenses CDMA subscriber products, chipsets and system software. For the six months ended 3/26/00, revenues fell 1% to $1.85 billion. Net income totalled $376.8 million, up from $5.9 million. Revenues reflect the sale of wireless phone and infrastructure business. Earnings reflect the higher margin of chipset, software, royalties and OmniTRACS. biz.yahoo.com

To: foundation who wrote (75903)	7/8/2000 4:11:29 PM
From: Return to Sender	Respond to of 152472

Stock in Qualcomm tumbled today amid uncertainty about the company's future prospects in the massive Korean market. According to reports, a decision by Korean mobile carriers to use technology other than Qualcomm's code division multiple access (CDMA) could adversely affect the company's bottom line. Qualcomm shares slipped more than 8 percent to finish at $56.63. The stock has traded as high as $200 and as low as $33.94 in the past year. Major Korean carriers KT Freetel and SK Telecom may select W-CDMA, a similar standard supported by Nokia and Ericsson, over CDMA 2000, according to reports. Both technologies are known as third generation wireless technologies, or "3G," and are capable of delivering voice and Net access at high speeds. But analysts and company representatives refute speculation that Korean carriers will embrace W-CDMA over CDMA 2000. Regardless, both technologies are based on CDMA patents, which will net Qualcomm significant royalty fee income, they say, though the company's chip sales business could be impacted if W-CDMA was selected over CDMA 2000. Korea is one of the world's largest markets for CDMA-based wireless communications. "While there appears to be no confirmation of these technology choices from either the perators or the Korean government, we recognize that this uncertainty may put pressure on Qualcomm's shares," Lehman Brothers equity analyst Tim Luke said in a research report today. "We do not expect formal confirmation of these choices in Korea until early next week. However, we highlight Qualcomm clearly stands to benefit from the rollout of any CDMA-related technology." Other analysts agree the Korean choice will be a boon to Qualcomm, regardless of which type is most widely supported. "We forecast Qualcomm will receive 4.5 percent royalty for the deployment of third-generation technology products whether the technology used is W-CDMA, CDMA 2000 or other forms of CDMA," PaineWebber analyst Walter Piecyk wrote in a similar report today. Qualcomm expects Korean telecommunications firms to embrace and support both W-CDMA and CDMA 2000, though nothing conclusive was determined today, according to spokeswoman Christine Trimble. "We do not believe any official technology decisions about 3G wireless have been made in Korea," Trimble said. One of the best-performing stocks last year, Qualcomm shares have slipped in recent months. Adverse news from Asia pounded Qualcomm's stock recently after questions arose about whether Chinese carriers would use CDMA. Analysts also were concerned about demand in Korea after the government recently ended handset subsidies, which could raise phone prices in the region. yahoo.cnet.com

To: foundation who wrote (75903)	7/8/2000 4:33:47 PM
From: Return to Sender	Read Replies (2) \| Respond to of 152472

Benjamin, moderated threads exist because we as individuals often are incapable of partaking in a rational, unemotional, discourse of ideas while discussing investments or in this case for me potential investment. There is ample evidence to suggest that my opinion of future events could indeed fall into the realm of reality. Sales growth has certainly slowed and if Korean sales go to another company then QCOM may see even lower margins in the future. Regardless of the fact that QCOM has kept relatively tight control on inventory, and is in fact a fabless manufacturer, if Korean sales go to another company it is entirely possible, if not probable that the company may be faced with excess inventory, and even excess work force. I do not deny that the wireless sector is going to see tremendous growth both now and in the future but before we can assess the future for the stock we must firmly understand why the stock has continued this descent and what it will take to assure it has found bottom. I prefer to do that technically because it removes the need for emotion but I also pay attention to fundamentals and they are not always best gleaned from a moderated forum but rather from reading between the lines of actual press releases and discussions from widely respected news sources. RTS

To: foundation who wrote (75903)	7/8/2000 4:34:25 PM
From: Return to Sender	Respond to of 152472

Benjamin, moderated threads exist because we as individuals often are incapable of partaking in a rational, unemotional, discourse of ideas while discussing investments or in this case for me a potential investment. There is ample evidence to suggest that my opinion of future events could indeed fall into the realm of reality. Sales growth has certainly slowed and if Korean sales go to another company then QCOM may see even lower margins in the future. Regardless of the fact that QCOM has kept relatively tight control on inventory, and is in fact a fabless manufacturer, if Korean sales go to another company it is entirely possible, if not probable that the company may be faced with excess inventory, and even excess work force. I do not deny that the wireless sector is going to see tremendous growth both now and in the future but before we can assess the future for the stock we must firmly understand why the stock has continued this descent and what it will take to assure it has found bottom. I prefer to do that technically because it removes the need for emotion but I also pay attention to fundamentals and they are not always best gleaned from a moderated forum but rather from reading between the lines of actual press releases and discussions from widely respected news sources. RTS