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

To: The Verve who wrote (93336)	2/5/2001 8:27:52 PM
From: Willie263	Respond to of 152472

<<$16,875.00 X 100,000 basestations = $16,875,000.00 Does this seem right? Verve >> No V. you are off by a couple of decimal places $16,875.00 x 100,000 = $1,687,500,000.00 Yes, you are reading that right 1.6875 BILLION Sure would be nice to get $16,875.00/base station Willie

To: The Verve who wrote (93336)	2/5/2001 8:36:48 PM
From: Roadkill	Read Replies (1) \| Respond to of 152472

>>NOK has announced they'll be installing 100,000 wcdma basestations this year, tripling to 300,000 next year. If a base station sells somewhere between 250K and 500K - and we use your average of $375K per station, it plays out like this. 375K X 4.5% = $16,875.00 $16,875.00 X 100,000 basestations = $16,875,000.00 Does this seem right?<< I don't know, Verve. That's $37.5 BB in revenue for NOK's infra biz. I know it's growing fast but . . . RK

To: The Verve who wrote (93336)	2/5/2001 9:59:31 PM
From: David E. Taylor	Respond to of 152472

Verve: At $375K per station, 100,000 stations in 2001 amounts to $37.5 billion, and 300,000 stations at the same rate in 2002 would be $112.5 billion. NOK's total revenues for 2000 were 30.376 billion Euros, give or take around $30 billion, with the networks part of that 7.714 billion Euros. Methinks the $375K per station has to be on the high side by an order of magnitude or so. But even at 10% of the cost or around $37,500 per station, if the royalty rate is 4.5%, it's not exactly going to be chump change for QCOM. David T.

To: The Verve who wrote (93336)	2/6/2001 9:33:21 AM
From: slacker711	Read Replies (3) \| Respond to of 152472

NOK has announced they'll be installing 100,000 wcdma basestations this year, tripling to 300,000 next year. I think these are industry-wide figures. Nokia is aiming for 35% of the total. The numbers were provided during Nokia's Capital Markets day....download the Making the 3G Markets presentation. nokia.com No matter how you slice up the numbers....the net result should be huge for Qualcomm. I had previously used a $100,000 estimate for the price of each basestation....but I think I had read that in association with 2G infrastructure costs. The range that Ramsey provided is probably more accurate since I would assume that 3G basestations are more expensive. The two assumptions that we are making are the 4.5% and the fact that Qualcomm gets paid on the entire basestation (and not just a card). I wish Q's management would shed some light. It is impossible to get an accurate earnings estimate (especially for next year!) without having at least a range to start from. Slacker