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

To: waverider who wrote (113559)	2/17/2002 6:23:04 PM
From: Caxton Rhodes	Read Replies (3) \| Respond to of 152472

Apparently, there appear to be a large number who are willing to go down with the ship just like GSTRF. Not comparing QCOM with GSTRF in terms of success, just in terms of the blind faith. The problem is when will cdma start growing faster than other businesses. The growth assumptions over the last few years have not panned out, thus the tank in stock price. The fundamental story remains the same with the assumption for holding QCOM is SIMPLY “the wireless world will migrate to cdma and thus QCOM will be reaping royalties and chipset sales by an ever increasing % as the migration occurs.” The timing and size of the migration are the keys. Wireless is not dead; in fact it is obvious that it will be the dominant way people communicate by voice. This is especially true in 3rd world countries where wired networks to the home will never be built now that wireless is available. So if you believe that the wireless world will migrate to cdma then QCOM will the biggest winner. What determines the stock price is the timing. The recent crash is not due to mismanagement or the wrong technology, it is the timing of the migration. Data demand is the catalyst for rapid migration. G* ship = QCOM ship? forget about it. G* was wiped out by the proliferation of wireless networks, PERIOD. If G* was launched 10 years earlier, it may have had a heyday for a while but sure enough would be going bankrupt now. Terrestrial wireless networks are not threatened by anything similar. As far a cell phones being a reflection of how much people value people, it is as obvious as email. Do you communicate more with people because of email? Of course, the numbers are obvious. Before email, how many handwritten or typewritten letters did you receive from friends and fellow workers compared to how many you receive now? Is it easier to reach friends and colleagues with cell phones now? Obviously yes. Alienation from TV, answering machines, call waiting, etc. Hey it’s a fact of life that people are communicating more and more and there are upsides and downsides. Cell phones and driving are a big problem, and law will require hands free headsets in the near future. Calling while driving outlawed? Were radios, tape players and cd players outlawed for causing the same problem? Nope, neither will cell phones. People are going to die in vehicles that move, that is a fact of life. Caxton