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

To: propitious7 who wrote (28843)	11/13/2002 9:20:32 AM
From: ggamer	Respond to of 197028

Reuters Qualcomm says 03 CDMA handset forecast conservative Wednesday November 13, 9:10 am ET AMSTERDAM, Nov 13 (Reuters) - Qualcomm Inc, the world's largest chip maker for mobile phones, said on Wednesday that its 2003 guidance was based on a conservative estimate of 100 to 105 million CDMA phones sold next year. "I think that (100-105 million CDMA handsets sold in 2003) is conservative, and I think we have good opportunity to exceed that," Chief Financial Officer Bill Keitel told a Qualcomm investor conference in London. Qualcomm, the world's largest producer of mobile phone chips, said last week it expects between 15 percent and 22 percent higher sales in its fiscal first quarter, ending in December, compared with its fourth quarter. It forecast full year fiscal 2003 sales to rise by between 19 and 23 percent. Its 2003 forecast was widely seen as bullish and analysts thought it would be hard to realise. --------------------------------- Here is another interesting note from Briefing.com today: Do financial analyst lie????????????????????????????? 8:20AM Citigroup: Grubman says he lied (C) 36.39: -- Update -- Former Salomon Smith Barney analyst Jack Grubman just issued a press release saying that he fabricated the story noted in the Wall St Journal this morning (see 7:10 comment); Grubman said that he "invented the story in an effort to inflate my professional importance". GGamer

To: propitious7 who wrote (28843)	11/13/2002 9:40:44 AM
From: kech	Read Replies (1) \| Respond to of 197028

Propitious - I agree that China Mobile probably has the most to gain relative to Unicom but it also may be more politically difficult for China Mobile to appear to be giving up on WCDMA before the 3G announcements have been made. MII seems to want to hang on to the possibility of pitting the rivals against each other. With respect to Unicom, I think they still benefit from GSM1X because 80-90% of their network is still GSM so they preserve that investment. It also allows them to use the investment in GSM as a legacy roaming network for the CDMA users much as Verizon hangs on to analog in US. Mobile would be nice but I am betting on Unicom. The problem with VOD is both political (like Mobile) and technical. So would say Unicom, Mobile and VOD in that order of probability for GSM1X.