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

To: foundation who wrote (94339)	2/23/2001 9:17:14 AM
From: marginmike	Read Replies (2) \| Respond to of 152472

I think the issue is not about QCOM's earning projections, but what is a fair price for thr stock. In this market 60PE require 60% growth. Qcom's price is being re-adjusted to match in other big caps.

To: foundation who wrote (94339)	2/23/2001 9:18:50 AM
From: Mike Torrence	Read Replies (1) \| Respond to of 152472

CNBC just "discussed" Dr. J's comments to the Finanacial Times and got it ALL wrong. Mark Haynes actually tried to figure it out but with Faber and Kernan bashing and that awful "Qualcomm. Qualcomm." voice in the background (again) it was impossible. What a waste of money for GE.

To: foundation who wrote (94339)	2/23/2001 9:24:18 AM
From: Jon Koplik	Respond to of 152472

Re-hash of FT (Financial Times) article / incorrect reporting on CNBC -- for those just waking up : The FT ran the following story (well after the U.S. markets closed yesterday) : globalarchive.ft.com FRONT PAGE - COMPANIES & MARKETS: Qualcomm warns of 3G delay MOBILE PHONE SERVICES NOW BEING DEVELOPED MAY NOT BE VIABLE UNTIL 2005, SAYS US GROUP: Financial Times; Feb 23, 2001 By DAN ROBERTS Qualcomm, the US electronics group behind third-generation mobile phone technology, has warned of a two-year delay in the roll-out timetable promised by European operators. Irwin Jacobs, founder and chief executive, predicted in an interview with the Financial Times that 3G services in development were not likely to be commercially viable until late 2004 or early 2005. His comments are likely to increase fears that operators have seriously overestimated the speed that new internet and video services can be introduced on mobile phones. Most European operators have suggested 3G will be ready from 2002, and are already paying for unused radio spectrum earmarked for the services. However, Qualcomm, which claims to hold most of the intellectual patents on which the two main 3G standards are based, says there are serious technical hurdles to be crossed before the standard used in Europe (wideband-CDMA) is ready. "I hope W-CDMA will be commercially viable next year but I don't think this is a reasonable estimate at this point. I think you won't get significant volumes until 2004 or 2005," said Mr Jacobs. He believes a rival 3G standard known as CDMA-2000 will be quicker to market, although its critics claim Qualcomm is biased against W-CDMA because of closer ties with CDMA-2000. Nevertheless, the pessimistic outlook for W-CDMA, also known as UMTS, was echoed by Alcatel, the French telecommunications equipment manufacturer. Michel Rahier, head of Alcatel's mobile phone business, told reporters at a mobile phone conference in Cannes that 3G handsets were likely to be launched in late 2003 or early 2004, a year later than forecasts, and would only take off in 2004 or 2005. Alcatel blamed this on a delay in orders caused by the recent collapse in telecoms shares. "The general prices on the stock market make people more cautious than four or five months ago," said Mr Rahier. The timetable for 3G remains highly controversial and Motorola, the US manufacturer, boasted yesterday that it would have its first 3G handset available in Japan this year. Either way, the uncertainty is making telecoms investors more nervous, particularly as an intermediary internet technology known as GPRS, or generation two-and-a-half, is experiencing trial delays. A late dash, Page 14 Hutchison 3G plans, Page 29 ft.com Copyright: The Financial Times Limited *************************************************************** CNBC has talked about Qualcomm many times this morning, NEVER once mentioning that cdma2000 1x systems are installed, and up and running (at 144 kbps, as opposed to Europe's GSM's 9.6 kbps) perfectly in Korea, with numerous other cdma2000 systems about to switch on (for example : Sprint PCS and Verizon in the U.S., KDDI in Japan). People who think CNBC is a reliable source of information are responding accordingly. Jon.