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

To: JGoren who wrote (101960)	7/23/2001 3:03:13 PM
From: slacker711	Read Replies (1) \| Respond to of 152472

First of all, I don't think there will be a spinco. I think that SpinCo may still be necessary for Qualcomm over the long-term. I think that one point that we take for granted in the IP war between Qualcomm and the rest of the industry (read Nokia) is that there didnt seem to be much competitor's IP in 1xrtt. If, hypothetically, Nokia had had essential IP to 1xrtt the negotiations would have taken place last July and looked quite a bit different. They would have been able to stop the roll-out of 1x if Qualcomm hadnt compromised on the W-CDMA roll-out. I bring this up because it seems like a pretty good possability that Nokia will be able to incorporate some of their IP into the 1xEV-DV standard. If this occurs, then we can expect another bloody round of negotiations when 1xEV-DV is ready to launch. I think that the SpinCo strategy would circumvent these types of problems as QClassic would ALWAYS get paid. Nokia would have no leverage to reduce the royalty rate. SpinCo would always be willing to cross-liscense their IP.... Slacker

To: JGoren who wrote (101960)	7/23/2001 3:18:31 PM
From: Boplicity	Respond to of 152472

re: If handset makers didn't want to buy from Qcom as a competitor (when it was in the handset business), why would they buy from MOT? Good point, but that's idea behind spinco. I wonder if MOT will do a spinco like deal to get around it all? B

To: JGoren who wrote (101960)	7/23/2001 3:30:53 PM
From: cfoe	Read Replies (1) \| Respond to of 152472

If anyone wondered about the weakness in QCOM stock price today, this may be reason. Just heard on CNBC that our friends at Chase H&Q are at it again, with their preview of QCOM's earnings. Said that while they will make the number for Q3, they will need to guide down for rest of year (Q4-01 and Q1-02). Reason is that CDMA unit sales for 2001 will need to be revised downward again - from 80 million to maybe as low as 55 million. This is 30% below company's current guidance. Gave no details as to why they think worldwide sales could be off by as much as 25 million units, but then Snyder and crew wouldn't, would they. It is interesting to note that they did not come out with this last week, prior to options expiration, as they have in the past. Maybe someone's complaints about the timing of previous comments led to a delay in this announcement until today.