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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Rick who wrote (25685)	8/16/2002 11:29:21 PM
From: cfoe	Respond to of 197208

haven't seen this posted: US poised for rapid growth in 3G uptake I don't believe it was posted before. A European article that gets it right about wireless? My, my, my......

To: Rick who wrote (25685)	8/19/2002 5:42:42 PM
From: Rick	Read Replies (1) \| Respond to of 197208

SSB: QUALCOMM -- PRESENTING SEPT 4TH Tony Thornley, President and COO, will be presenting at 8:45am on Wednesday, September 4th. "We expect the focus of investors to be consistent with that of the past several quarters, which is: (1) the expected ramp of 1X in key new markets such as the U.S. and Japan; (2) updates on its multimode WCDMA chipsets; (3) progress/updates on 1X over GSM; (4) updates on CDMA in China; (5) the timing of WCDMA in various regions and what is QUALCOMM doing to help alleviate the bottlenecks; (6) what will the company do with its sizeable cash balance; and (7) we would be naive not to expect several questions surrounding the "math" associated with total handset unit shipments as well as 1X chip shipments (i.e. the quintessential 1X inventory question). Thesis: We continue to believe that QUALCOMM remains the best-positioned company to benefit from the migration to next-generation wireless networks. In the near-term, as WCDMA continues its slow process, we believe the key driver over the next 12 months for QUALCOMM remains the adoption of 1X in key, new markets, particularly the U.S. (the largest CDMA market) and Japan. However, despite the company-specific growth drivers, we believe the poor macro wireless end-market fundamentals as well as the likelihood for continued newsflow about WCDMA delays will continue to be a drag on the stock. We believe the stock will likely be range bound ($25-$35) until the timing of WCDMA deployments becomes known."