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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: mightylakers who wrote (14033)	8/17/2001 7:16:39 PM
From: cfoe	Read Replies (1) \| Respond to of 197507

JP Morgan H&Q analyst Ed Snyder called it a "seed the clouds" strategy. "Qualcomm is looking to get its leverage up at a time when NextWave is relatively inexpensive. If NextWave deploys CDMA, $300 million buys you a lot of influence." What is this world coming to when QCOM-basher Ed Snyder praises a strategic move by QCOM? The mobile carrier asserts its intention to become a "carrier's carrier," wholesaling time* on its not-yet-built wireless network to any carrier that pays up.* I had not seen this reported before that NW plans to be a wholesaler. It makes Snyder's observation that "$300 million buys you a lot of influence." more telling as to QCOM's motives in making the investment - it could give them influence over who gets use of the system - that is only companies willing to market it full-out. No renting the system to keep others from using it to compete from the renter.