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

To: Caxton Rhodes who wrote (110214)	1/4/2002 10:49:28 AM
From: limtex	Read Replies (1) \| Respond to of 152472

CR - The issue is that GPRS is out there and there are plenty of press articles albiet ill-informed about gprs going at 50Kbps. The point is that they have something out there whereras if 1X had gone live in Oct last year there would not have been. Best, L

To: Caxton Rhodes who wrote (110214)	1/4/2002 11:12:46 AM
From: ronho	Respond to of 152472

To me, the most significant perveived negatives concerning QCOM in the last day or two are 1) China saying they will slow 3G 2) Multiple announcements of GPRS launches In both cases, the negative for QCOM is somewhat of an illusion. China didn't follow the European operators' example and install complete GPRS networks prior to it being demonstrated that there would be working GPRS phones. China simply said that there are technical difficulties in getting GPRS phones to work satisfactorily on GPRS networks and therefore 3G (meaning GPRS) will be delayed. The negative for QCOM is that, if China goes through GPRS to get to WCDMA, any delay in GPRS causes a delay in WCDMA. Thus, QCOM royalties from WCDMA are delayed. On the other hand, the CDMA 95A version is complete in China and the 156K version of 1X is operating on a trial basis in 6 China cities and completely deployed in Korea (& partially deployed in US). Further, Samsung appears to have a working 312 version of 1X, although MOT appears to be delaying the standard approval. Thus, I would expect to se China moving ahead rapidly with 1X. The multiple Pee Wee GPRS launch (Isle of Mann & Monico & DoCoMo) announcements make it appear that 1X is loosing its lead to GPRS. This is partially due to slowness of introduction of 1X in the US by Sprint (operational in some Markets) and Verizon (expect 60%\|+ coverage by 2nd half of 2002). Further, we were lead to believe that 1X phones would ship in US well in advance of 1X networks goung operational. We are just seeing these phones and thus it is fair to ask if QCOM's revenues from 1X ASICS will be delayed. In summary, short term uncertainty on the timing of the growth in 1X and the GPRS --> WCDMA cycle are still a negative to QCOM. Thus, it is tempting to pull money from QCOM and bet on the recovery of other beaten down NAZ stocks. JMHO