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

To: Uncle Frank who wrote (113015)	2/11/2002 12:00:32 PM
From: David E. Taylor	Read Replies (1) \| Respond to of 152472

uf: Nokia is carrying little in corporate debt, but their customer financing has been steadily ratcheting upwards. As of 12/31/01, Nokia was carrying 1.255 billion euros in customer financing, with a further 2.955 billion euros "committed", for a total of 4.210 billion euros. This is the balance remaining after they wrote off 714 million euros (mostly the Telsim default) in 2001. So, pushing 5 billion euros total before the write off. How much this will have to increase in order to help Euroland roll out UMTS/WCDMA we will find out in a couple of years. David T.

To: Uncle Frank who wrote (113015)	2/11/2002 12:26:50 PM
From: Getch	Respond to of 152472

I just took a quick trip in the way-back machine. This drop reminded me of a similar baseless attack back in 1999 when the stock had dropped from 190's to low 150's (pre 4-for-1) in September. The end of that drop coincided with QCOM skipping an analyst meeting, and getting hammered for that (165 to 153). This turned out to be a meaningless non-event, that signaled a bottom. The humor is that the analyst that was first to defend Q this go round was the leader of the attack in 1999. >>WSJ> September 13, 1999 Qualcomm Dn-2: Co Withdrew From SG Cowen Conference NEW YORK -- Qualcomm Inc.'s (QCOM) last-minute withdrawal from SG Cowen's fall technology conference Monday sent its shares down 6.8%. ...."This could be very negative," said analyst Ed Snyder of Hambrecht & Quist Inc., postulating that in one scenario, "what they have to say about the company isn't positive and they want to wait until Wednesday's analyst meeting and dump it all out there." He said possible bad news could be related to the company's admission two weeks ago that handset prices were quickly falling and margins weren't improving as much as expected. But he also pointed to a "bull side of the story that they will announce the sale of their handset division, in which case the stock will definitely trade up in the short term." Handset sales account for 45% of Qualcomm's revenue, Snyder said, but are not profitable. While selling the handset division would be a good short-term fix, Snyder said, "in the long term, they have other problems with market share." He thought the negative scenario more likely. and the amazing Ed's response to this situation. >>By Yukari Iwatani CHICAGO, Feb 8 (Reuters) ....Edward Snyder, wireless equipment analyst with J.P. Morgan, agreed, and said investors were overreacting to the news. ``The report that came out addressed maybe $20 million in concerns, which means it's immaterial,'' Snyder said, adding that he viewed this as an opportunity to buy more stock.<<