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

To: Stock Farmer who wrote (125815)	12/3/2002 12:57:25 AM
From: the_rich_janitor	Read Replies (2) \| Respond to of 152472

John, I am trying to figure out the reason for your existance on this board. I know we have never exchanged dialogue so perhaps I am out of line, but perhaps you could offer me some insight. It appears that you came to this board (which is primarily an investment discussion forum) to ask some very good questions regarding an investment in QCOM. This is, in fact, a forum dedicated to discussion surrounding our QCOM investment. Your questions have been answered many times over, yet, you seem to insist on debate. Now, nobody appreciates a devil's advocate more than I, but at some point I think you would either learn something or disagree and go somewhere else. Most on this board are invested in Qualcomm and have taken great extremes to learn as much as possible about their investment. This is a very knowledgible board when it comes to wireless and all the dynamics surrounding one of the world's largest markets. A lot of us have been invested since before 1997 and the one thing that we will all tell you is that the story has always and continues to, hold firm. Unlike the story of our advisary, Qualcomm has continued to deliver on their promise to make CDMA the de facto worldwide standard for wireless terminals and infrastructure. Some well educated people have explained that this investment is not about patents, but about licensing. Over the years we have seen the reality of CDMA growth and 'the story' always stays in tact. Now, I won't argue about valuations. They are, after all, a matter of opinion and hold true only by a company's ability to deliver on future growth, but I will say that the reasons you debate for QCOM's flawed future growth are without merit. It is obvious that you lack basic understanding of infrastructure costs, 3G migration and spectrum allocation, but that aside, am I correct to assume that if God himself came down and said "it is true" that you would still look to debate? Don't invest. But continue to stay. There is no better way to justify a good investment than to have a 'forever' skeptic challenge the principles by which we have made this investment. For a lot of us the dream has already come true thanks to Qualcomm. What happens from here is just gravy. I hope it comes true for you if it hasn't already. I do know that it will come from learning, not debating against facts. If I didn't work in CDMA and wireless every day for the last 10 years, I don't know how I could even begin to understand the value of an investment in QCOM. I do know that the best place to start would be this board. So, not really correct. You missed some key points (facts) and I think you have made it clear that you are not interested in learning, but more interested in debating; I don't think you are interested in accurate analysis are you? Best of Luck, TRJ

To: Stock Farmer who wrote (125815)	12/4/2002 10:50:23 AM
From: H. Bradley Toland, Jr.	Read Replies (4) \| Respond to of 152472

John, that's not pretty much it. The only carriers who haven't figured it out (stupid in your words) either don't have the money to make the change now, are politically hamstrung (Europeans), or have made the wrong choice and are just trying to save face (Japanese--NTT-Dokomo). All, and I mean all, of the carriers have already made the commitment to go CDMA. They have figured it out. We're now in the end game, John. Lastly, Qualcomm's earnings have gone up about 10 fold in the last 5 or 6 years. What's this "just around the corner, any day" stuff? Had you simple bought a few shares over this time period you wouldn't be a hopin' and a waitin'. Best regards, bt ps: you'll likely make another 5 to 10 fold on an invest in Qualcomm today held over the next 8 to 10 years.