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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: lkj who wrote (1578)	7/29/2000 2:58:10 PM
From: q_long	Respond to of 196660

No launch date I would be guessing late this year. I will call Kyocera and see what they say.

To: lkj who wrote (1578)	7/29/2000 9:26:37 PM
From: lkj	Read Replies (3) \| Respond to of 196660

I see no point in spinning off the ASIC unit. If CDMA IP is what the world needs, then make Nokia come and get it. If WCDMA is really that important to Nokia, it can't hold much longer. In my original vision, Qualcomm was to become the Intel of CDMA ASICs. Instead of growing the chip business and becoming non-fabless, IJ took the easy way out by trying to sell the ASIC division to just about anyone who was remotely interested. In the process, the stock has fell some 60% in value. This is very poor execution and lacking big time in vision. Q had a chance to be the biggest technology company; now it's just a research center with a whole bunch of lawyers, and non essential businesses such as freight tracking and email software. The ASIC group is very important to Q's future. Without it, I don't know who is going to enable the next great wireless technology that comes out of the research lab. Selling the handset and infrastructure units made sense, because they didn't have much technology components in them. Selling the ASIC division is dumb. Qualcomm will never be able to push its next great technology on Xilinx chips. CDMA is in such an early stage of growth. There are potentially at least another 10 years of advancement. Today is like the 386 days for x86. With nearly unlimited growth in ASICs, Q is letting it to go away. (Out of frustration: If IJ never intended to grow the ASIC business, it is best to leave it to someone else running it!) What is the implication of this on employees? If the ASIC division can go away, then just about any unit can go away. Who's next? Maybe IJ will sell the company to Intel or Cisco next. I don't work for Q. But if I did, I would be looking for an exit at this point. SpinCo makes no sense, and only now I can understand why the stock is down so much. IJ blew the chance to make the greatest company in the world. Q will still be fine going forward, but it's not the $1 trillion company that I was waiting for. Funny, before I see the 3rd leg, we are limping with just one leg! Khan