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To: EnricoPalazzo who wrote (42672)	5/15/2001 2:37:56 PM
From: straight life	Respond to of 54805

QCOM cont. Also (according to Tom Costello, CNBC) NXTL announced they're taking the quick route to 3G (CDMA). Of course, we QCOM fans already knew that; but "confirmation", via a CNBC rumor, is always nice. and from Briefing.com: QUALCOMM (QCOM) 60.92 +4.00: -- Update -- QCOM extends its gains after Dow Jones reports that Nextel (NXTL) CFO confirms that company will shift to CDMA technology.

To: EnricoPalazzo who wrote (42672)	5/15/2001 3:07:02 PM
From: Uncle Frank	Respond to of 54805

>> Not following any Q threads, I'd appreciate any analysis (or crossposts) about this news. Crosspost: Message 15803322 My take is that this is a complex story that has befuddled Mr. Market for the last year. Don't expect any strong moves until the analysts start upgrading. uf

To: EnricoPalazzo who wrote (42672)	5/15/2001 3:09:17 PM
From: Eric L	Respond to of 54805

<< QCOM & Unicom - more than 3 pts worth >> It has been factored in and out of QCOM price so many times, it is just a tad anticlimactic. Still a 4 point bounce is pretty positive on a day like today. TheStandard.com article posted here actually the most positive I've seen and it rightly points out that negotiations lasted almost a decade. Nice to finally reach contract signing. Nice award for LU but as the article points out, big winner is QCOM whose CDMA market share has dragged a little. Confusion over Nextel's decisions probably not helping. Final decision could be out 90+ days and yet another version of a multi-mode handset a requisite: Message 15802917 - Eric -

To: EnricoPalazzo who wrote (42672)	5/15/2001 5:46:34 PM
From: gdichaz	Read Replies (1) \| Respond to of 54805

ardethan: Strongly recommend that if you are even slightly serious about Qualcomm, you check where Qualcomm is the subject - the Q threads. Re: your request however, the Q "collapse" as you call it had little to do with China and much to do with the run up in the general irrational exuberance coming back to reality. That reality excluded China BTW. Now China is reality and that means a sea change in the future with regard to CDMA 2000 worldwide. Only Europe which is hunkered behind its moat is "safe" for other 3G. In the nonsense such as what is "in" and what is "out", CDMA 2000 is now in and any other wireless whatever its label is out. But just IMO of course. Let's see what happens. Best. Cha2

To: EnricoPalazzo who wrote (42672)	5/16/2001 12:02:14 AM
From: Eric L	Respond to of 54805

re: Reuters on Unicom CDMA contract signings. >> Qualcomm Looks Like Big Winner From China Contracts Ben Klayman May 15, 2001 Reuters Wireless technology company Qualcomm Inc. (NasdaqNM:QCOM - news) looked like the big winner as the parent of China's No. 2 mobile phone operator handed out $1.46 billion in equipment contracts based on Qualcomm's technology, analysts said on Tuesday. Equipment giants like Lucent Technologies Inc. (NYSE:LU - news) and Motorola Inc. (NYSE:MOT - news) may have wrapped up contracts each topping $400 million with China Unicom Group, but Qualcomm's proprietary wireless technology looked the clear victor as it will be used across the Chinese firm's mobile phone network, analysts said. Some notable telecom equipment firms not awarded contracts in this round included Finland's Nokia (NYSE:NOK - news), Germany's Siemens AG and France's Alcatel. That could change in the next round, which Nortel executives expect in the second quarter of next year, analysts said. ``Qualcomm is probably the biggest winner of everybody,'' said Jaye Morency, portfolio manager with David L. Babson & Co., a Boston-area investment firm. ``No matter what system you use, the patent always goes back to Qualcomm.'' Qualcomm's stock surged almost 10 percent on the news in Tuesday Nasdaq trading and still finished up about 5 percent, or $2.58, at $59.50. Over the past year, it has underperformed the Standard & Poor's 500 index by about 34 percent. ``We're really pleased to see the contracts awarded to the manufacturers,'' Qualcomm spokeswoman Patty Goodwin. "We're looking forward to seeing China's roll-out of CDMA. ``We knew eventually something would happen,'' Goodwin added, declining to comment further. The San Diego company's Code Division Multiple Access (CDMA) mobile phone technology competes with two other global standards. Rivals include the GSM (global system for mobile communications) standard that dominates Europe and Asia, including China. Deutsche Banc Alex. Brown analyst Brian Modoff estimated the deal's impact on Qualcomm's bottom line would be minimal in 2001, but could add 5 cents to 12 cents a share in 2002. Contracts for China Unicom Group's CDMA cell-phone network also were awarded to Canada's Nortel Networks Corp. (NYSE:NT - news)(Toronto:NT.TO - news), Sweden's Ericsson (NasdaqNM:ERICY - news) and six Chinese equipment firms. China Unicom Group is the parent of China Unicom. However, China's on-again, off-again plans to build a nationwide mobile phone network has been delayed several times by fissures in Sino-U.S. relations, most recently by a spate of events following the April collision between a U.S. spy plane and a Chinese fighter jet. Last month, China Unicom canceled a contract-award ceremony at the last minute. Ties between the two countries were made worse by the biggest arms sale by the United States to Taiwan in a decade and a pledge by U.S. President George W. Bush to defend the island against a Chinese attack. China on Tuesday again lashed out at U.S. plans for a regional missile defense system. China Unicom Group said the first phase would have a capacity of up to 15.15 million users and be completed by the end of 2001 or early 2002. It said in March it would spend about $8.45 billion over three years to build its CDMA network. Winners in the race to supply China Unicom Group were ecstatic. ``I've been waiting for this thing for about five years,'' said Scott Erickson, Lucent's senior vice president for international mobility, shortly after hearing Lucent had won a contract to provide network gear in several provinces. However, some analysts and money managers warn the equipment providers should not count their contracts before the products are delivered. ``It is China. There are other factors involved in the decision-making process,'' Deutsche Banc's Modoff said. ``Even though this is a positive piece of news, you still have some nervousness that perhaps something could change.'' There's always a concern Chinese companies may delay or cancel deals, but such delays or cuts are no longer unique in the current economic-slowdown atmosphere, where telecom carriers have cut back spending, said Scott Schechter, an analyst with Driehaus Capital Management. However, many telecom equipment firms believe they have no choice but to compete in China, with its population of about 1.2 billion people, he added. ``Even assuming that only 20 percent of the country has the ability to buy a cellular phone, you end up with a market in terms of population that's the same size as the United States,'' Schechter said. ``And as China becomes wealthier, that opportunity only increases.'' China currently has only about 86 million cell-phone subscribers, mostly on GSM networks, and some companies believe annual growth could be as high as 30 million lines. China Unicom has a target of 100 million subscribers by 2005, including 40 million on CDMA networks, Modoff said. While GSM dominates in China, Qualcomm's CDMA technology still has significant opportunities. << - Eric -