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

To: marginmike who wrote (105966)	10/4/2001 6:15:59 PM
From: JohnG	Read Replies (4) \| Respond to of 152472

MM. QCOM Negatives VS Positives: 1) Morningstar Stock advisory analyst launched a poorly reasoned negative report on QCOM --same guy that attacked GX a week or so ago. 2) QCOM in discussions with Korea over Korea's desire to share the Chinese internal lower royalty rate while at the same time not paying the higher Chinese royalty rate for export shipments. 3) Nextel enhances their proprietary IDEN system to increase throughput and defers any decision on what to do with the 10MHz spectrum they cleared for installing a parallel 1X system. 4) MM says hedge funds see chance to push QCOM down 5) KDDI in Japan sees system wide1X roll out in early 2002 as opposed to partial roll out in fall 2001. 6) Various unsubstantiated stories are out that Nextwave will turn much of their spectrum back to FCC for use by Verizon, Sprint, Cingular, etc rather than possibly building out a nationwide data network. Positives include: 1) Attack on WTC has strongly stimulated sales of wireless phones in US and abroad as a security device. Random checks in US indicate huge increases in phone sales after the WTC attack. Also, we are heading into the holiday season with its very heavy phone sales. 2) Attack on WTC demonstrates the need for not delaying the OCT 2001 legal requirement for US phone operators to implement a phone position location service. QCOM's GPS based Snap Track gives location of phone within 50 feet compared with 150 ft or more for the troublesome competing network based systems. Sprint and Verizon are ready to implement it now while assuring privacy for users. Snap track is the best system and the one that would be best used by all in the US. 3) Immediately after WTC attack, Congress decided to release very little added spectrum for 3G, thus making it even more imperative to use existing spectrum efficiently-- and CDMA is the only system that uses spectrum efficiently. 4) Increasing No. of available 1X phones from Korea, Japan, etc 5) India proceeding with the WLL roll out although Cellular operators trying to cripple it by forcing use of obsolete CDMA standard. 6) Sprint PCS proceeding with 1X roll out 6) Verizon proceeding with 1X roll out and was shooting to have New York City done by Year end (prior to WTC attack). 6) Korea having success with 1X customer demand and services. Brew adopted on Korea. Brew commercial structure rewards programers for writing cell phone applications. 7) NOK capitualated giving QCOM access to GSM/GPRS IP for multimode phones and paying royalties on W-CDMA and CDMA 8) NOK continues to use QCOM ASIC's through phones purchased by Telson and shows no signs of being capable of developing either 1X RTT or W-CDMA chips. 9) GSM/GPRS operator conference comfirms that GPRS is not working well-- multiple problems including limitation to 20K data rates. NOK's W-CDMA efforts are stalled out and now QCOM is attempting to clean up the W-CDMA standard to get to something that at lease works. 1X RTT in comparison working well in Korea. 10) QCOM on 10/4 announced the sample shipment of working W-CDMA ASICS and software incorporating a full range of features. 11) QCOM approaching a release of a Radio One chipset that allows for multimode operation of CDMA/W-CDMA/GSM/GPRS phones which will allow roaming between different systems using the same phone. 12) China Unicom rapidly rolling out their CDMA network. 13) QCOM announced on 10/4 that they had developed a method to once again double tha data rated on 1X networks within the CDMA 2000 standard. Given all of this I have to agree with MM that the heavy selling pressure on QCOM really is not explained by the news developments. Perhaps there is a systematic Hedge Fund attack on the QCOM stock price.