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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (15244)	9/23/2001 1:49:01 PM
From: carranza2	Read Replies (3) \| Respond to of 34857

China, Sprint, Verizon, Sprint, and all the chimpanzee's horses and all the chimpanzee's men are not going to get cdma handsets to 75 million this calendar. Look for revised guidance to 70 million and then optimistically 65 to 68 million actual. Not my time frame. So sorry. "no one should be surprised by these "special" charges, as Qualcomm takes them seemingly every quarter" Have you studied the issue by looking at Q's earnings releases? Except for the amortization of goodwill with respect to the Snaptrack acquisition, write offs associated with the sale of the infra and handset businesses, as well as some minimal charges involved in payroll taxes, can you say "non-recurring?" Yes, Globalstar is a problem, but not one which Q has hidden or slickly evaded, as I believe you suggest. Did you notice that Q has a $250 million guarantee in place which it settled for $22m? If you read the 10-K, the earnings announcements, and the conference calls you should not be surprised. Odd that you are just now recognizing it as an issue. I haven't seen anyone yet do a decent analysis of how a G* bankruptcy might affect Q. I suspect that cfoe probably has written on it, you might want to research his posts. At your own pace, of course. Like you, I'm no financial genius, but if my memory serves well (you know I can't read), the SEC-reported stuff suggests an exposure to Globalstar of $600 plus million, but this is obviously the worst case scenario and therefore unlikely. If all this spooks you, time to sell your No. 1 favorite stock, particularly if you think you've been the victim of "financial engineering." Ah, Eric, you really do amuse me. Get all huffy, hot around the collar, call people names, bashing your favorite stock, calling for comparisons of quarters, then pointing out that EDGE and UMTS are in trials, "pre-commercializtion". But there is hope for the Q. Perhaps the five year olds with cell phones will save us.