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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (5506)	12/7/2000 8:09:41 AM
From: marginmike	Respond to of 19219

I agree about short term price, however Qcom is trading on 70Pe on forward 2001 numbers. The China business is not included. In the coming year WCDMA, and CDMA2000 rollouts begin which will ramp Qcom earnings dramaticly. Qcom's CDMA controls around 15-18% of Wireless market. That % will increase by 100% in the next two years as Japan becomes 100% CDMA and Europe and China start converting networks. In adition Qcom's existing networks need to upgrade to 1xrt to increase capacity and data rates, as well as consider HDR as an alternative to DSL. As for Nokia they pay IPR on chips they manufacture(so Qcom gets payed whomever sells the chips), and their history in CDMA is terrible. INTC,MOT all failed so far, and NOK's chips are a disaster why will their WCDMA chips be any better? As for what Nokia has to say I dont believe them for one second. As perm QCOM IR, Nok already has a liscence. I tend to trust QCOM MGMT over NOK. The track record of Qcom MGMT disclosure honesty is excellent. Nok would never admit they need Qcom thats why they buy chips through 3rd party(telson)to save face. If Nas wasnt so messy Id be a big bull on Qcom. There are also rumors that China Telecolm is looking to build a 75 million sub network. I tend to believe they will.