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

To: JohnG who wrote (125571)	11/20/2002 9:53:14 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 152472

Many think that the overall market will bottom in 2003 that's an excellent reason why it won't.

To: JohnG who wrote (125571)	11/20/2002 11:32:47 PM
From: elmatador	Respond to of 152472

Samsung's new phone to use Qualcomm chip 21 November, 2002 07:52 GMT+08:00 Email this article Printer friendly version By Lucas van Grinsven PARIS (Reuters) - South Korea's Samsung Electronics said on Wednesday it will debut a third-generation mobile phone on the European market in the third quarter of 2003 using a Qualcomm chip that was announced last week. The world's fastest growing mobile phone maker, with a 10 percent market share trailing behind Nokia NOK1V and Motorola MOT , also said it expected moderate growth in the global cellphone market to 435 million units in 2003 from some 410 million units this year. "It will be modest growth. Next year global demand will be 435 million units," Senior Vice President of Samsung's telecommunications division, Park Sang-Jin, told Reuters. He reiterated Samsung would continue to gain market share, although he declined to give a forecast, saying India and China would be the fastest growing markets next year. The company would cater to these Asian markets by launching lower-end phones rather than its usual mid- and high-end models. "We're going to have phones for those markets which would be considered mass-market models in the West," he said. Thanks to its high-end product mix, Samsung 05930 has the fattest profit margin in the handset industry, rivalling Nokia's 22 percent with a 26.8 percent operating margin. On the sidelines of a product road show, Samsung, which makes everything from flat TVs to semiconductors, also shed light on its launch plans of a future series of smartphones based on software from three different vendors -- U.S.-based Palm PALM and Microsoft MSFT , and Britain's Symbian. Showing prototypes of Microsoft and Palm phones, Park told Reuters his company will take the Microsoft smartphone into production by the third quarter of next year. "Most demand (for the Microsoft smartphone) will come from the North American market," he said, adding the phone which can download video clips, handle e-mail and instant messaging, would benefit from the region's recently upgraded fast wireless CDMA2000 1x networks. EUROPE LAGGING Park played down the potential for smartphones in the European market where the upgraded GSM voice networks to faster data-enabled GPRS networks were still not fast enough to use data-intensive functions like streaming music. He said he expected the move in Europe to faster Wideband CDMA networks, the next step up from GPRS and known as third generation, would be slow. Samsung would still launch a W-CDMA handset in Europe, because it needed an almost identical phone in its Korean home market where two different kinds of third-generation networks will be used. "The W-CDMA phone we're going to introduce by the third quarter of next year, with the Qualcomm chip" will be able to handle almost all available second- and third-generation wireless networks, he said. Shares of Qualcomm QCOM were up $2.11, or 5.7 percent, at $39.13 in late Wednesday afternoon trading on Nasdaq. However, Park warned that the high cost of the chip and the slow roll-out of W-CDMA in Europe and elsewhere would limit its sales potential. So far only Japan's NEC 6701 has a W-CDMA phone for the European market, while Nokia and Motorola have announced W-CDMA handsets for next year. European telecoms carriers have slowed investments in third-generation networks to boost their battered balance sheets, hurt in 2002 by a 100-billion-euro bill for third generation radio spectrum licenses. "European carriers have been penalized by the license auctions," Park said, adding that U.S. and Asian markets were overtaking Europe in wireless services. Park also said that Samsung would not make a phone using software from Symbian, the other main provider, before the fourth quarter of 2003. "It could be 2004," he said. Symbian, co-owned by most of the major handset makers, has deals with all top five cellphone producers, but Samsung is the only top five player which has also signed a deal with rival Microsoft