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

To: Cooters who wrote (91532)	1/10/2001 12:32:05 PM
From: marginmike	Read Replies (4) \| Respond to of 152472

I am not defending moron analyst's but they simply lowered their number to bring it in line with consensus. The fact is that Korean subs are not as good as we expected so they brought their numbers down. It will help Qcom beat expectations when they report. By the way when are earnings announced?

To: Cooters who wrote (91532)	1/10/2001 12:41:04 PM
From: Stu R	Respond to of 152472

This article seems to imply that the analyst is cutting his earnings estimate because of Nokia's shortfall. My recollection is that in 1999 Nokia sold about 1 million CDMA handsets. Does anyone have an idea of how many CDMA phones NOK has sold in 2000? How much revenue does 1 million NOK CDMA phones generate for QCOM? How much EPS, less than a penny a year? Stu

To: Cooters who wrote (91532)	1/10/2001 12:45:07 PM
From: Getch	Respond to of 152472

Can anybody dig up a few quick numbers? How many CDMA handsets did Nokia sell in 2000? What percent of total Nokia handsets were CDMA? What percent of total CDMA handsets sales were made by Nokia? I have to be away for a few hours, will get the numbers later if no one else has them available, I suspect we are looking at some pretty small percentages. Biggest news of the day is VeloCom putting 1X in Brazil this year. Biggest news of the week is Synertek's license agreement with QCOM for all varieties of 3G CDMA. Synertek is parent company of Telson. Telson makes phones under the Nokia brand name. >>NEW YORK, Jan 10 (Reuters) - Wit Soundview analyst Matthew Hoffman said on Wednesday that he cut his rating on Qualcomm Inc. <QCOM.O> to hold from buy and reduced his 2001 and 2002 earnings estimates. On Tuesday, Nokia Corp. <NOK.N>, which sells handsets that use Qualcomm's proprietary CDMA technology, reported weaker than expected global sales for 2000.<< Also, Wit Soundview has no basis for determining which component of Nokia's handset sales were weak as Nokia did not release details. Quite a stretch to Qualcomm negatively effected by this Nokia news. It may turn out to be true, but I don't see any way this determination can be made based upon amount of detail released so far.