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

To: Skeeter Bug who wrote (119328)	5/26/2002 1:50:57 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 152472

QCOM has every right to be optimistic. This isn't spin, it's the real world. Consider the new applications for GPS, games, etc. now being used in Japan or Korea. Consider that there are at least two model phones (Samsung and LG) ready to show video clips of the World Cup games. Consider that Russia really likes the 450mhz band used by Rumania, and also to be used by Denmark, as operates with fewer base stations than those required for 800 or 1900 mhz. Consider the demand for limited mobility wireless in India and the data on new CDMA subscribers in China, not to mention the 1X applications introduced by Sprint and Verizon (and previously by Leap in a few areas). Consider also the lower cost of upgrading CDMAOne to CDMA2000, compared with what the GSM and TDMA types will have to pay to provide services that still compare poorly with 1X. I find little spin here. It's just the way the wireless world is, and it has to make anyone optimistic about QUALCOMM. But the average analyst is clearly interested in the immediate earnings trend, and based on that is not likely to be enthusiastic. That same analyst will no doubt ignore the differences between a debt free QUALCOMM and its debt laden competitors. As I said before, the only spin I can see comes from the competitors. Art