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

To: slacker711 who wrote (31601)	1/23/2003 11:10:49 AM
From: slacker711	Respond to of 197155

Not much explanation on Cingular's performance... They attributed the customer loss to increased competition and the loss of some WorldCom subscribers. I think the situation is even worse than the top line number looks.....the churn was actually better than expected at 2.7%. This means that gross adds were absolutely terrible. They were asked how they thought they could turn Cingular around....their was nothing specific in the answer. They talked a little bit about the technology transition and even mentioned a better performance in '04. To me....that means they are screwed for much of '03. This is going to be a real problem for both BLS and SBC. They are seeing accelerating losses in their wireline division without the offsetting strength in wireless that Verizon is seeing. I think most of the operators report next week....hopefully, we will see some differentiation between the 1x and GSM providers. Slacker