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

To: Raymond who wrote (28686)	11/9/2002 10:14:12 AM
From: foundation	Read Replies (1) \| Respond to of 197275

re: Most contracts are written so the the major part of the money for the equipment is received at delivery. ========== Are you quite sure? Do you consider NOK a credible source? I often have serious doubts. "Nokia, which claims 35-plus WCDMA infrastructure contracts worldwide, had by the end of Q2 deployed €686 million worth of 3G infrastructure, according to Rene Svendsen-Tune, VP, marketing and sales. "Until we have technical proof, we don't recognise revenues of new equipment," he said." Message 18089856 NOK sweated out testing to receive single mode infrastructure revenues last quarter - and there is serious doubt that they will collect on dual mode this year. SSB comments from its 3Q02 Preview: <snip> Nokia announced on September 26th that it would be able to recognize roughly E500 million worth of 3G infrastructure in 3Q02. Although this eliminates concerns for the top line in 3Q02, we believe the company will have difficultly recognizing the other E400-500 million in 3G revenues it estimated for 4Q02 due these revenues including dual-mode infrastructure, which is likely to fail the technical feasibility study. <<snap>