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To: Maurice Winn who wrote (6513)	8/2/2001 6:56:50 PM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 74559

QCOM has had flat profits 2 yrs running. they need to restate their earnings to reflect the billions of writeoffs IMO. as i see it, china is just stringing them along. LOL.

To: Maurice Winn who wrote (6513)	8/2/2001 8:46:29 PM
From: KyrosL	Read Replies (1) \| Respond to of 74559

Mq, don't count on China to fatten up QCOM's wallet. I expect dirt-cheap chinese-made CDMA phones with correspondingly dirt-cheap (reduced rate) IP payments to QCOM -- QCOM gets a small percent of average sales price. I will be greatly surprised if QCOM gets more than a dollar or so per phone on Chinese made phones. 100 million phones a year justify less than a couple of billion of valuation -- 25 times QCOM's current valuation. Kyros PS. My understanding is that no foreign company ever made any substantial money in China in modern times. I doubt that QCOM will be the exception.

To: Maurice Winn who wrote (6513)	8/2/2001 11:11:52 PM
From: Cogito Ergo Sum	Respond to of 74559

*PS: We aren't watching history up close, we ARE history up close.* Yes Maurice or use the style of a Will Rogers: These are the good old days....:o)