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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (44076)	7/3/2001 2:16:57 PM
From: straight life	Respond to of 54805

"At least on the surface no clear cut "winner" ... which is the way it should be. A win/win is preferable. Another point of view: "Qualcomm never capitulated and Nokia signed on at the same rate, even though Nokia had fairly compelling arguments," says Merrill Lynch analyst Bill Choi of the possibility Nokia wouldn't be forced to pay full royalty prices on the millions of phones it will sell in the future. "They said 'we're the largest handset manufacturer, with close to 40% market share. The world is going to go W-CDMA. You should give us a volume discount.' They did not get that." Choi upped his intermediate rating on Qualcomm from neutral to accumulate. Merrill Lynch hasn't done banking for the wireless technology firm. thestreet.com