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

To: cfoe who wrote (101756)	7/16/2001 7:25:50 PM
From: gdichaz	Respond to of 152472

cfoe: As the one who several years ago used to end my posts on the Nokia thread with, "Qualcomm and Nokia. Together the World ! ", I have watched Nokia (without owning, except a small brief position, and actually suggesting "Caveat Emptor" re: Nokia several moons ago) and suggest that Nokia is in deep trouble even with the capitulation to Qualcomm. The problem is Nokia's myopic mismanagement re: CDMA. Nokia has placed its bets all on one horse - the GSM/GPRS/EDGE/UMTS horse when Nokia could well have worked closely with Qualcomm on CDMA and hedged its bets - with another horse - CDMA One and CDMA 2000 1x, 1xEV-DO,1xEV-EV. The failure to use Qualcomm's expertise and its chips has put Nokia way behind the Asians' who use both. Now it may be that in 2-4 years, some WCDMA may be in place as small islands in a few places outside Europe, and perhaps more extensively with Western Europe, Nokia will be a player still (but with a much smaller handset share and margins). But Nokia needs to compete worldwide. That is Nokia's Achilles heel IMO. Perhaps Nokia can pull up its socks. But I suggest not holding our breath in that expectation. Best. Chaz

To: cfoe who wrote (101756)	7/16/2001 9:16:51 PM
From: tradeyourstocks	Respond to of 152472

If NOK is not to be part of the answer, we better hope QCOM comes up with other ways to get to $2+ eps by FY '03 rather than later. I was never one of those that believed that NOK would ever be part of the answer. In fact if NOK ceased to exist tomorrow its competitors would pick up the slack within a few quarters. Since NOK has never been a BIG customer or licensee of Qualcomm, the hit to Q's earnings would be pretty minor and short-lived. I realize NOK isn't going away anytime soon, but I also don't see how they could contribute to Q's $2+ in earnings in any significant way. 1)WCDMA is years away, 2)NOK is not a major player in CDMA so even if they started using Q's chips for all of their cdma phones it wouldn't add all that much to Q's bottom line. 3)CDMA handset leaders like Samsung, Audiovox, Kyo, etc... won't make it easy for NOK to gain cdma market share. Of course if Europe deployed CDMA tomorrow and NOK supported the effort, now that would help<g> I'm not holding my breath for that one. MicroE