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

To: saukriver who wrote (97481)	4/15/2001 10:41:38 AM
From: foundation	Read Replies (4) \| Respond to of 152472

"...fundamental questions (like patent expiration) are just avoided on message boards like these...." ---------- Nothing's been avoided. Seems to me you want easy, free, sound-bite answers to your questions. Seems to me you're too lazy to learn what you own.

To: saukriver who wrote (97481)	4/15/2001 12:37:20 PM
From: Uncle Frank	Read Replies (3) \| Respond to of 152472

>> But it may just be that the stock is too dense for the average (perhaps equally dense) investor. In which case, Qualcomm will will indeed languish because it cannot be easily explained and/or fundamental questions (like patent expiration) are just avoided on message boards like these. The "average investor" doesn't make his decisions based on dd; he makes it based on advice from some "expert", be it his stock broker, an analyst, or his brother in law. The folks that haunt boards like these are elite investors, looking for information that isn't widely known, and seeking a edge for their hard work. I don't think the complexity of the qcom story is the stumbling point in the recovery of the stock. It's just that Qualcomm has yet to demonstrate conclusively that these technical advantages will lead to sustainable advantages in earnings and revenue growth. Once that happens, the gurus will laud the virtues of Collision Detection Multiple Access, and momentum will return to the Q. uf

To: saukriver who wrote (97481)	4/15/2001 8:15:25 PM
From: edwin k.	Read Replies (1) \| Respond to of 152472

the stockprice didn't languish 2 years ago when the story was practically as complex as today. granted it is a complicated one......or at least just plain hard to follow (unless you follow every day).

To: saukriver who wrote (97481)	4/16/2001 11:41:28 AM
From: Keith Feral	Read Replies (2) \| Respond to of 152472

QCOM is easy to explain. They make money by selling chips for cell phones and other wireless appliances. They also collect royalties. The only dense part about QCOM is the disruption between GSM and CDMA interests. Is 3G a CDMA or a GSM product? It is clearly both since the RF equipment is CDMA and the baseband equipment is GSM. WCDMA will assess a CDMA royalty for QCOM and a GSM royalty for the GSM Guild. In response to Gilder's comments, why would he make such a stupid suggestion that OFMD is a competitive threat to CDMA has no support from system operators. Clearly, the standards for 3G CDMA have already been established. CDMA2000 & WCDMA have the full support of the ITU standards process. If & when OFMD becomes a 4G standard after 3G CDMA is installed, maybe QCOM should paying closer attention to royalties. However, it would not be in QCOM's self interest to negotiate a royalty bearing contract with 50 companies for 3G CDMA and then turn around and lower them because of the threat of competition in 5 years after 3G CDMA is commercialized. I would guess that Gilder's point on royalties underlines his disbelief that QCOM will be able to collect royalties on such a massive scale. Gilder is into the concept of Say's Law which says supply creates demand by lowering prices. QCOM did not get to it's point of success by lowering prices, they got their by a combination of unbelievable technology and lower prices. Personally, I think that QCOM should start charging higher prices for CDMA ASIC's given the advancements they make for E911, multimedia, MPEG 4, MP3, Internet Launchpad, BREW, etc... The convergence of GSM, WCMDA, GPRS, and CDMA2000 shold start a global bidding war for QCOM's ASIC's within the next 12 months.