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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (7974)	8/30/2001 12:53:28 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

MM, it's not good. < Kyocera plans to cut 10,000 jobs; some of the cuts will come at Kyocera Wireless in San Diego, the mobile handset unit which Kyocera bought from QCOM.> Details: Message 16276621 But neither is it necessarily bad. I like the QUALCOMM written on the front of the Kyocera phones. I assume the Kyocera 6035, the Palm combo, is going to continue as highly popular. Perhaps they can't sell their other phones in a highly competitive market against the likes of Samsung and the many others. Telecom New Zealand is selling Kyocera's though so I suppose it's a tidying up of a corporate mess [Japan is not all happy right now]. I don't think it's all that bad for QUALCOMM - they make their money from ASIC sales and royalties [in the CDMA market] and that's not necessarily affected by the Kyocera 10,000 reductions [keep in mind that the whole of QUALCOMM was only 9000 or so a couple of years ago - at the peak]. Keep looking for bad news. I think you'll find CDMA sales continue to make market share gains, even without W-CDMA being available. Mq

To: Wyätt Gwyön who wrote (7974)	8/31/2001 5:15:11 AM
From: Maurice Winn	Read Replies (3) \| Respond to of 74559

Mucho, it seems that the news report you quoted was incorrect. Kyocera is NOT cutting CDMA production jobs. They are in fact hiring, not firing. <San Diego, Aug. 30 (Bloomberg) -- Kyocera Corp., a Japanese electronics maker, said it doesn't plan additional job cuts this year after firing 190 people in June at the San Diego-based mobile- phone business that it acquired from Qualcomm Inc. Reports that Kyocera planned 10,000 job cuts in its fiscal year, mainly at the phone business and a larger unit, were misleading since the phone division had completed its firings and didn't expect more, Kyocera spokesman Jay Scovie said. The unit, which makes cellular phones based on the Code Division Multiple Access, or CDMA, standard developed by Qualcomm, employs 2,400 people, Kyocera Wireless Corp. spokeswoman Dana Knight said. It fired the workers because of slowing demand for phones and a traditional weakening of sales in the summer, she said. Now the division is hiring, Scovie said. Most of the rest of the 10,000 job cuts came at Kyocera's 70 percent-owned AVX Corp. unit, Scovie said. AVX is the largest maker of ceramic casings that protect semiconductors and is based in Myrtle Beach, South Carolina. The previously announced cuts at Kyocera Wireless included 70 full-time employees and 120 seasonal contract workers, representing about 8 percent of the unit's staff, Knight said. Kyoto, Japan-based Kyocera bought the business from San Diego- based Qualcomm in February 2000 for $242 million... > I guess you'll be disappointed. But keep looking, I'm sure there is some law of physics or something which says that CDMA and Mighty Q! are not long for this world and you'll find it. There is a fanatical, bordering on desperate, attitude among the GSM Guild fan club members to find something, anything, to hold the line against CDMA. Sorry Mucho, but humanity wants the lifestyle benefits of CDMA. Meanwhile, CDMA continues apace. Mqurice