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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (49744)	8/22/2000 3:42:52 PM
From: CRay33	Read Replies (1) \| Respond to of 63513

Lizzie - the 200 stock price was overshoot, much like the overshoot on the downside to 55. Much of it was driven by Walter Peicyk's (paine webber) 1000/sh target. The Erick. case was validation that CDMA is the future, and validated QCOM's CDMA intellectual property rights - i.e., the cash cow for future years. When you consider the growth of the internet, then seperately consider the growth of wireless - then consider that the internet is going wireless, then consider that QCOM will get royalties on every CDMA device (not only phones, but cars, trucks, handhelds, laptops, utility meters, etc) - well, you get the picture. Great hold.

To: Lizzie Tudor who wrote (49744)	8/22/2000 4:05:55 PM
From: J.B.C.	Read Replies (1) \| Respond to of 63513

>>don't you agree though that last year that ericksson deal in the spring was interpreted as total world dominance for cdma - manifesting itself into a $200 stock price for qcom - and that is no longer the case?<< Probably was interpretated as world dominance, but the issue is 2-fold: -compitulation by ERICY discounted a lot of FUD AND lawsuits by ERICY against CDMA, including the fact that they stated in the early 90's that cdma wouldn't work. Then to turn around and file fraudulent lawsuits against qcom, in my belief, to squash qcom. -ericy understood the technology (CDMA) and understood that they indeed needed cdma for 3g, not 2g. 2g will always exists as a lot of standards, from analog thru digital, most have pluses. On the other hand, dominance for cdma in 3g is indeed very likely. I believe qcom's price is multifactored from last spring: 1) it was extremely undervalued given it's growth rate at that time, fundamentally it was an easy stock to find. 2) it's price is analogous to knowing about MSFT licensing arrangement prior to the 1st PC being sold, what a great deal! Jim