Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: 100cfm who wrote (111559)	1/24/2002 7:35:35 PM
From: limtex	Read Replies (1) \| Respond to of 152472

100cfm 1x ramping up and it seems it's just replacing IS95a sales and is not causing an increase in sales. Till something causes cdma to start growing/increasing faster then the overall handset market growth rate then I think Q's stock price goes nowhere You are right on the button. My view often expfressed here is that we need to see 1X get off the ground in the US. Until then not much to excite buyers of handsets or new subs.....BUT after then very very good reasons to go out and buy very epxensive handsets which will no longer be handsets they will be PDAs at $400 each. And many of us are going to get them. So for me the only question is when do they light the networks. I'm sure PCS adn VZ can't wait eiher but it is goin to be this year and my hop is that worst worst way it is before the end of June even if only just before. So no wonder there aren't huge mubers of 1X chips going out. Where would they go to? Best, L

To: 100cfm who wrote (111559)	1/24/2002 8:15:26 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 152472

>>Till something causes cdma to start growing/increasing faster then the overall handset market growth rate then I think Q's stock price goes nowhere.<< Several points here: First is that a lot of existing subscribers will upgrade for data access, GPS, etc. Second is that when existing TDMA/GSM subscribers find out that the only way they can get comparable features is by switching to a CDMA carrier, maybe they'll switch. Third is the overall operating cost differences between 1X and GSM/GPRS and the relative ease with which CDMA carriers can upgrade to provide additional services. I'm not worried about the growth in areas where competition really exists, only in areas where competition is artificially kept out. Lastly, when you look at the current price of QCOM, it is selling at less than 7 times book value. And book value, of course, includes little or any imputed value for the patents, which are one of the key assets. Compare a book value of 7 for QCOM with the book values of other hot technology stocks and you will see that QCOM is well below average, suggesting that the others are grossly overvalued or QCOM is grossly undervalued. Art