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

To: waverider who wrote (120373)	6/14/2002 2:00:44 PM
From: T L Comiskey	Read Replies (1) \| Respond to of 152472

ot REMAINING U.S. CEOs MAKE A BREAK FOR IT Band of Roving Chief Executives Spotted Miles from Mexican Border San Antonio, Texas (SatireWire.com) ? Unwilling to wait for their eventual indictments, the 10,000 remaining CEOs of public U.S. companies made a break for it yesterday, heading for the Mexican border, plundering towns and villages along the way, and writing the entire rampage off as a marketing expense. "They came into my home, made me pay for my own TV, then double-booked the revenues," said Rachel Sanchez of Las Cruces, just north of El Paso. "Right in front of my daughters." Calling themselves the CEOnistas, the chief executives were first spotted last night along the Rio Grande River near Quemado, where they bought each of the town's 320 residents by borrowing against pension fund gains. By late this morning, the CEOnistas had arbitrarily inflated Quemado's population to 960, and declared a 200 percent profit for the fiscal second quarter. This morning, the outlaws bought the city of Waco, transferred its underperforming areas to a private partnership, and sent a bill to California for $4.5 billion. Law enforcement officials and disgruntled shareholders riding posse were noticeably frustrated. "First of all, they're very hard to find because they always stand behind their numbers, and the numbers keep shifting," said posse spokesman Dean Levitt. "And every time we yell 'Stop in the name of the shareholders!', they refer us to investor relations. I've been on the phone all damn morning." "YOU'LL NEVER AUDIT ME ALIVE!" The pursuers said they have had some success, however, by preying on a common executive weakness. "Last night we caught about 24 of them by disguising one of our female officers as a CNBC anchor," said U.S. Border Patrol spokesperson Janet Lewis. "It was like moths to a flame." Also, teams of agents have been using high-powered listening devices to scan the plains for telltale sounds of the CEOnistas. "Most of the time we just hear leaves rustling or cattle flicking their tails," said Lewis, "but occasionally we'll pick up someone saying, 'I was totally out of the loop on that.'" Among former and current CEOs apprehended with this method were Computer Associates' Sanjay Kumar, Adelphia's John Rigas, Enron's Ken Lay, Joseph Nacchio of Qwest, Joseph Berardino of Arthur Andersen, and every Global Crossing CEO since 1997. ImClone Systems' Sam Waksal and Dennis Kozlowski of Tyco were not allowed to join the CEOnistas as they have already been indicted. So far, about 50 chief executives have been captured, including Martha Stewart, who was detained south of El Paso where she had cut through a barbed-wire fence at the Zaragosa border crossing off Highway 375. "She would have gotten away, but she was stopping motorists to ask for marzipan and food coloring so she could make edible snowman place settings, using the cut pieces of wire for the arms," said Border Patrol officer Jennette Cushing. "We put her in cell No. 7, because the morning sun really adds texture to the stucco walls." While some stragglers are believed to have successfully crossed into Mexico, Cushing said the bulk of the CEOnistas have holed themselves up at the Alamo. "No, not the fort, the car rental place at the airport," she said. "They're rotating all the tires on the minivans and accounting for each change as a sale."

To: waverider who wrote (120373)	6/14/2002 2:20:42 PM
From: qveauriche	Read Replies (5) \| Respond to of 152472

wave rob and all the doonmsayers--QCOM is no longer a net add story. With the advent of 1X its a handset replacement story.PCS is conservatively giving guidance based upon what it can see about existing sales, all of which are just plain old 2g sales. Given news in the US about 1X's popularity in Asia, I think a dramatic slowdown in net adds in a market that remains relatively unsaturated may hold interesting possibilities for 1X. Would you have run out and bought a brand new black and white TV in June of 1963 if you knew that by August the color models will be out? I think we can all agree on one thing. The US 1X rollouts have become enormously important; to 1X's prestige worldwide, and perhaps even to the survival of PCS. News that the 2g business blows these days does not really concern me since I do not consider it to be an indicator of demand for the higher-speed phones, or the ability within that segment of the market for 1X to distance itself from the competition. So far, 1X is batting 1000. We can write off Japan to unique cultural factors if we like, but there was clearly something about FOMA the Japanese didn't like, and clearly something about 1X that they do like. In any case, back when there was no KDDI 1X, when FOMA was really sucking wind in Japan, doomsayers had no problem concluding that FOMA's cool reception strongly indicated the lack of demand for 3G worldwide. One wonders where all of those unique Japanese cultural qualities were back then. I also wonder what the odds would have been that the Buy Range bears would have been writing off the significance of it had KDDI's 1X rollout had fallen flat on its face. I'm trying to imagine my buddy rob coming to the Q's defense ,assuring us that Japan is no test case for the rest of the world. So lets be realistic about where we are. QCOM growth is absolutely dependant upon 1X growth. 2g gag stories, even among cdma carriers, may temporarily impact earnings in the 1X transition stage, but is not a reason to bail on this stock. There was nothing in Merrill's downgrades today which was based at all on any indication that 1x in the US would not go well. I agree that 1X success will become more meaningful as it is experienced among a wider variety of cultural demographics than simply Korea or Japan. But 2 for 2 is still 2 for 2. And thats pretty impressive when you consider all of the WCDMA and GPRS flops around the world. Also, can we think of even a single electronic gadget that has caught on in Japan that did not also catch on in the US? I can't. What is the rationale behind the view that 1X will be the very first? In more than 50 years of consumer electronics.