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

To: foundation who wrote (31093)	1/13/2003 7:27:37 AM
From: John Biddle	Read Replies (1) \| Respond to of 197056

Street Talk: Telecoms upped Credit Suisse upgrades equipment maker Qualcomm, but downgrades rating on Motorola. January 13, 2003: 7:04 AM EST money.cnn.com NEW York (CNN/Money) - One Wall Street firm upgraded its investment rating on Qualcomm, but downgraded Motorola shares early Monday. In a morning note, Credit Suisse First Boston increased its rating on telecom equipment maker Qualcomm (QCOM: Research, Estimates) to "neutral" form "underweight," saying that the firm thinks near-term fundamentals are intact and that the stock is approaching fair value. Shares of Qualcomm fell 23 cents to $38.45 Friday. CSFB downgraded Motorola (MOT: Research, Estimates) to "underweight" from "neutral" and cut its price target to $8 a share from $11, saying the fundamental risks outweigh the potential rewards at the current valuation. Shares of Motorola gained 3 cents to $9.93 Friday. Credit Suisse also increased its 2003 earnings estimate for Ford Motor (F: Research, Estimates) to 58 cents a share from 40 cents a share, citing a better-than-expected forecast for its finance subsidiary. Shares of Ford rose 27 cents to $10.50 Friday. The firm also said it thinks entertainment and media stocks are likely to outperform the broader market in 2003, with advertising in an upturn mode. Merrill Lynch upgraded investment service Moody's (MCO: Research, Estimates) to "buy" from "neutral," saying a recent drop in the share price had made the stock attractive. Shares of Moody's fell 39 cents to $40.25 Friday. Merrill widened its fourth quarter 2002 loss estimate for chemical company Solutia (SOI: Research, Estimates) to a 16-cent-a-share loss from a 2-cent-a-share loss, citing expectations for below breakeven profitability in the integrated nylon segment. The firm said it expects similar cost pressures and sluggish demand on Dow component DuPont (DD: Research, Estimates).

To: foundation who wrote (31093)	1/13/2003 9:46:22 AM
From: foundation	Read Replies (2) \| Respond to of 197056

Nokia Breaking Off Cooperation With Korean Partner Monday January 13, 9:34 am ET STOCKHOLM -(Dow Jones)- Nokia Corp. said Monday that it remains committed to the South Korean phone market, but would no longer work with a local partner to produce phones based on the CDMA technology currently in use there. The decision marks the end of Nokia's alliance with local manufacturer Telson Electronics Co. Ltd. and, a spokesman said, is a result of Nokia's decision to focus on phones that fit with the technology standards embraced by the Open Mobile Alliance, which the proprietary CDMA standards in Korea do not. "At the moment, the middleware platforms in Korea differ from operator to operator in terms of what are the application technologies and what are the browsing technologies," said Kari Tuutti, the spokesman for Nokia's phone unit. "We see that the momentum behind OMA, behind global middleware platforms, is the way to go also in Korea." He added: "We will not be bringing products based on OEM," or original equipment manufacturers, such as Telson. Tuutti declined to discuss Nokia's product plans for Korea in detail, but said the company does plan to provide phones for both of the next-generation, 3G standards that will be used in Korea, CDMA-2000 and Wideband CDMA. "We will address both CDMA-2000 and WCDMA in Korea," he said. "We see it as an interesting and important market for us in the future." Tuutti said he could not comment on a report in the Korea Herald that Nokia would close a CDMA research-and-development center in South Korea. The move to sever ties with Telson is the latest strategy shift in Korea for Nokia, which makes more than one out of every three mobile phones sold worldwide but has struggled to make headway in the market for phones using CDMA, particularly in South Korea, where local phonemakers Samsung Electronics Co. and LG Electronics Inc. dominate. CDMA is the largest standard in both Korea and the U.S. European operators and some in Asia and the U.S. use GSM, or global system for mobile communications technology, which is the world's largest cellular standard. Nokia has said it hopes to boost its worldwide CDMA market share, which it estimates at about 10%, in the next couple of years. In Korea, though, it has admitted that it has largely been positioning itself for the transition to 3G standards, particularly Wideband CDMA, which will be used in Europe as well. It believes that it will then have a better opportunity to win market share away from local rivals. Under its deal with Nokia, Telson was making phones that were then sold under the Finnish company's brand. Analysts have estimated that Nokia's market share in Korea is as low as 1% or 2%, and the Korea Herald said Nokia's new CDMA phones, introduced in November, have not been well received in South Korea. "The strategy to break into the Korean market has failed," Nomura analyst Richard Windsor said, in a comment echoed Monday by other analysts. Windsor said CDMA2000, not WCDMA, is likely to emerge as the dominant standard in South Korea. Nokia will need to have success in South Korea, as well as in Japan, where CDMA2000 is also likely to be prevalent, if it is to meet its medium-term financial and market-share forecasts, he said. biz.yahoo.com ========== Likely to emerge? LOL! Can Nokia interest Korea in some slightly used Sprint tri-mode 3585's? "We will address both CDMA-2000 and WCDMA in Korea," I must have missed NOK's announcement for its cdma2000/wCDMA ASIC.