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

To: Win-Lose-Draw who wrote (94951)	3/1/2001 1:23:53 PM
From: Keith Feral	Respond to of 152472

Consider Morgan Stanley's comment about the expansion of QCOM's penetration in the wireless market. They are beginning to grow from 15% today to 100% market share. This is just for handhelds. Consider SSB's comments back in 1999 that QCOM's market share would be 200 or 300 % as wireless applications began to control new markets - laptop & pc modems, telematics (all forms of transporation IS systems), wireless meters for utility services, pda's, etc... Wireless data is only scratching the very surface right now. I laughed the other day when I tried to use my wife's Verizon Thin Phone. It sucks compared to this year's Sanyo 4500 that I use for Sprint (last year I had the Thin Phone too). With companies like Verizon beginning to replace handsets every 2 years for digital customers, we are beginning to witness a much higher replacement cycle for cell phones. The bottom line is that wireless data was not even functional a year ago. It is pretty user friendly now, although most people still have no idea it exists. New phones, color browsers, e911, video, music & other real applications for multimedia will force consumers to start thinking about the microbrowser on their cell phone. These kind of market corrections run the risk of making us too cautious. People were to confident a year ago. They are too skeptical today. The fundamentals have not changed at all, aside from some minor EPS's revisions. The numbers for MSFT, CSCO, INTC, & other big tech leaders have not changed all that much. I'd rather buy them TODAY at a PEG ratio of 1 RATHER than a PEG ratio of 3-5 a year ago. From these lows, at least you have a decent chance of making a positive return in 2 or 3 years. Buying the tops is never a good way to make money. Selling bottoms is a sure way to lose capital. Investment philosophy should not be changing right now except for ongoing modifications to asset allocation.

To: Win-Lose-Draw who wrote (94951)	3/1/2001 1:55:29 PM
From: samim anbarcioglu	Read Replies (1) \| Respond to of 152472

WLD, My calculations also come out with very similar numbers (~500B) over those several years). This is from telocom sales. Not to forget chip sales and royalties to non telecom industries (telematics, security, telemetry). Then, the next thing to remember is that they keep reinvesting into related businesses that they believe will return high margins (Netzero was the worst example, but overall they should benefit from this usage of money). The result will be much larger than 500B in the next 5 - 6 years I think.Afetr that it should level off until the patents expire. Finally they may transform into a holding company like GE? Who knows?