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

To: Jon Koplik who wrote (124193)	9/25/2002 3:23:05 PM
From: Sully-	Respond to of 152472

Reuters Company News Qualcomm denies concern over inventory buildup Wednesday September 25, 3:03 pm ET SAN FRANCISCO, Sept 25 (Reuters) - Wireless technology company Qualcomm Inc. (NasdaqNM:QCOM - News) on Wednesday denied concerns that cell phone makers were ordering more chips than they need ahead of the holiday season, which could hurt future sales. San Diego-based Qualcomm owns most of the key patents to Code Division Multiple Access, the dominant wireless technology standard in the United States and the second-most commonly used technology in the world. The company last week raised its guidance for cell phone chip shipment in its current quarter ending in September on strong demand and said it expects to ship even more chips in the next quarter. However, some analysts had expressed concern that the strength was driven by inventory buildups by customers. They worried that if Qualcomm's customers order more chips than they currently need, the company might see a slowdown in orders until those chips have been used. "Right now, we just do not see an inventory build," said Donald Schrock, president of Qualcomm's CDMA Technologies Group, the unit that sells CDMA chips and licenses. "What we're seeing now is an expedite mode, which tells us they don't have much inventory ... (Customers are) pushing us pretty hard for product," he said at a Banc of America Securities conference in San Francisco. Qualcomm shares were up 97 cents or 3.5 percent at $28.51 on Wednesday afternoon on the Nasdaq. Schrock attributed Qualcomm's positive outlook to strong markets around the world and share gains as a result of increased business from the world's No. 2 mobile phone maker Motorola Inc. (NYSE:MOT - News) He cited advanced CDMA service launches by Verizon Wireless (London:VOD.L - News; NYSE:VZ - News) and Sprint PCS Group (NYSE:PCS - News) in the United States, solid demand in Korea and subscriber gains by Japan's CDMA operator KDDI Corp. (Tokyo:9433.T - News). "We're also seeing China take up starting ... we're also seeing orders now start to come in from India," Schrock said, adding that Qualcomm still expected industrywide CDMA handset sales of 80 million to 85 million units in calendar 2002. Still, Schrock said Qualcomm might see chip shipment decline in the quarter ending in March due to seasonal weakness. "I wouldn't be surprised to see it go down a little bit," he said. biz.yahoo.com

To: Jon Koplik who wrote (124193)	9/25/2002 6:51:42 PM
From: voop	Read Replies (2) \| Respond to of 152472

Just got in from Hammond down I-55 and I-10 Lots of heavy squalls and water on road leading to skidding issues for those going too fast. No major flood where I went but news reports replete of stalled vehicles, manholes gushing H20 in the low lying areas, compounded by cars creating wakes into homes if not stalling out. Voop

To: Jon Koplik who wrote (124193)	9/26/2002 12:24:38 PM
From: Neeka	Read Replies (3) \| Respond to of 152472

New York City Mulls Cellphone Ban Would Ban Use In "Places Of Public Performance" cbsnewyork.com Sep 25, 2002 9:01 am US/Eastern (CBS)-(NEW YORK)-It may soon be possible to take in a show or see a movie without the interference of a ringing cellphone. A bill, to amend the administrative code of the city of New York, proposed by the City Council would ban the use of mobile phones in "places of public performance." It would also fine violators up to $50 and require the operators of the performance spaces to post signs outlining the ban. Barbara Janowitz of the League of American Theaters and Producers, a Broadway trade association, told a Council hearing Tuesday that "the ringing of cell phones has ruined too many theatrical performances for too many people, audiences and performers alike." "It is time to work together to put an end to it," she added. The bill, Int. 257, was introduced by Council Members Reed, Addabbo, Jr., Brewer, Comrie, DeBlasio, Felder, Foster, Gioia, Gerson, Koppell, Martinez, Nelson, Perkins, Provenzano, Quinn, Recchia, Jr., Sears, Serrano, Vann, Weprin, Golden and Oddo. New York State already bans the use of handheld cellphones while driving