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

To: Eric L who wrote (116820)	4/18/2002 10:58:36 AM
From: Jeff Vayda	Respond to of 152472

Oh come on Eric. Nokia did a great job on 2G phones - granted. Margins are easy on last year's model - all the up front costs and expenses are over with, the manufacturing process have been ironed out and things hum along - especially the margins! 2G will continue to be profitable for Nokia, as they have shown with this report. But as they are also finally forced to admit, the 2G market is dwindling. (Although they still spin the reports so that those not in the know, or those who refuse to accept it, think that Nokia still equals all phones worldwide.) They will get less and less on fewer and fewer phones. The tide has turned and they are still tied up at the dock. Jeff Vayda

To: Eric L who wrote (116820)	4/22/2002 5:58:42 PM
From: SKIP PAUL	Read Replies (1) \| Respond to of 152472

Nokia is "giving away" one out of 3 phones manufactured in the world while maintaing an operating margin of 22% on those phones they are "giving away" that produces a "real" net profit for their corporation on those phones they are "giving away" that is roughly equivalent to total revenues for Qualcomm. According to Hoovers their net margins have been coming down every quarter and are down to around 4.1% in the Dec quarter. hoovers.com