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

To: limtex who wrote (119215)	5/22/2002 10:12:08 PM
From: Jon Koplik	Respond to of 152472

Just a bunch of A/Hs. Jon.

To: limtex who wrote (119215)	5/22/2002 10:13:27 PM
From: SKIP PAUL	Respond to of 152472

fake print.

To: limtex who wrote (119215)	5/22/2002 10:18:20 PM
From: Eric L	Read Replies (2) \| Respond to of 152472

L, << any ideas about the A/H drop? >> >> Qualcomm Shares Fall After Annual Wall St Meeting Eric Auchard Reuters New York May 22, 2001 Wireless technology supplier Qualcomm Inc. on Wednesday said it expects to see 170 million users of mobile phones based on its technology by the end of the year, led by growth in Korea, Japan and the United States. But shares of Qualcomm, which had risen in recent days in anticipation of good news from the analysts' meeting, dropped by $1.25, or 4 percent to $31.37 by the close of trading on Nasdaq -- after falling as much as 7 percent, to $30.28, intra-day. The stock had lost a quarter of its value between late April and early May after warning of weaker results ahead; it fell to a low of $24.80 on May 7. Speaking at Qualcomm's annual financial briefing for analysts and money managers, executives said early returns from Korea were promising, but it was still too early to predict when the transition to new mobile networks based on its CDMA 1X system will reach critical mass globally. Executives of the former U.S. military technology contractor -- which is now seeking to displace the most popular transmission standard for mobile communications with its own higher-capacity system -- said it will take several more years for its global plan to take root in Latin America and Europe. "It's clearly going to depend on the number of countries and how fast (our) CDMA technology moves ahead," Qualcomm Chairman and Chief Executive Irwin Jacobs told the meeting. But investors looking for word of new growth drivers for the fast-growing but volatile company came away disappointed. The tone of the meeting is "very conservative, with no upside surprise." said Tim Ghriskey, senior partner of Ghriskey Capital Partners LLC, a Greenwich, Connecticut-based investment management firm. Ghriskey said his hedge fund had bought Qualcomm heading into the meeting, but sold its position after the company reiterated its financial guidance on Tuesday. Qualcomm then said revenues for its fiscal year ending in September would grow about 4 percent to 8 percent and profit, excluding certain strategic investments, would be between 90 cents and 95 cents, or slightly ahead of the previous range of estimates. With Korea As Model, Progress In Japan And U.S. Speaking to investors on Wednesday, Jacobs said the company's confidence was based on its forecast that it could sell the underlying technology and resulting royalties used to build between 80 million and 85 million of its next-generation CDMA2000 1X phones during the full calendar-year 2002. The company surpassed 120 million phones at the end of the first quarter of 2002, according to a statement released on Wednesday by the CDMA Development Group industry consortium. Its success in rolling out the newest versions of its technology in Korea has given Qualcomm mounting confidence in the speedy uptake of the next generation of its products in other large markets, including Japan and the United States. The nearly 7.5 million Koreans who have subscribed to mobile phones based on Qualcomm's new CDMA 1X are showing a strong appetite for new data-rich applications such as games, stock quotes, customized ringing-tones, short message chat. Qualcomm officials said they expected more than 50 percent of the Korean market would be converted over time to the more advanced version of its technology, adding that excitement over the company's technology will receive a big global boost next month during World Cup matches to be held in Japan and Korea. Slow Rollout In Latin America, Europe Qualcomm officials expressed long-term confidence that their technology would one day be built into most new phones produced around the world, as the two competing standards for future mobile phones are based on its own technology. The company's strategy is to encircle and progressively replace the world's current most popular standard for mobile phones -- known popularly as "GSM" -- which was used in more than 677 million phones in 174 countries at the end of March. But near-term progress has been slow in other world markets such as Latin America, and especially Europe, where the existing GSM standard now overwhelmingly dominates, Qualcomm's top executive acknowledged. "Latin America is coming on slowly, but with large growth potential," Jacobs said. Europe is a still longer-term project, he said, noting of the region that in "the rest of the world, we have some work to do. "We think Japan will be coming on more rapidly. We are all waiting for China to come on more strongly. we think that will happen," Jacobs summarized, but with recent deregulatory moves in the Chinese market Toward that end, the company said earlier on Wednesday it had named its former President and Chief Operating Officer Richard Sulpizio as the interim president of its fast-emerging Qualcomm China business. << - Eric -

To: limtex who wrote (119215)	5/22/2002 10:21:35 PM
From: Kayaker	Read Replies (1) \| Respond to of 152472

any ideas about the A/H drop? story.news.yahoo.com U.S. stocks rose on Wednesday, reversing earlier losses, as a late afternoon rumor of the capture of Osama bin Laden, suspected of masterminding the Sept. 11 attacks, swirled through Wall Street's trading desks. Rumor denied by the military after the close.