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

To: pyslent who wrote (32484)	2/17/2003 10:16:48 AM
From: Jim Mullens	Read Replies (1) \| Respond to of 197300

Hi Plysent. Re- ,” I would never characterize QCOM management as being "conservative" in general, although they tend to be in terms of specific guidance. I seem to recall in fact that IJ had suggested that global penetration would be greater than 100%, with people carrying multiple CDMA devices, so 100% may be construed as lowering guidance :) “ You’re right , I can’t recall a Qualcomm’s presentation (excepting financial guidance) that was conservative in their optimism about the future. I believe I said- “…is a significant departure from the more conservative tone they've shown in the past”. A better choice of words would have been, “..even more optimistic than they’ve shown in the past” or, “…the more conservative tone of optimism they’ve shown in the past”. What I was referring to was Dr. I. J’s answer a year ago to my question about the uptake of WCDMA in Europe I was seeking in reference to my financial model. I believe I stated I was using 50% GSM conversion to WCDMA within five years and asked him if I was being too optimistic. He kinda chuckled (treating me gentle) and stated it will be a longer term process, or words to that effect. This year, as Q1000 pointed out, both Tony and Bill spoke of growing the Qualcomm/ CDMA share of the mobile wireless subscriber market from less than 15% now to 93% to 100%. I hadn’t heard such optimism before. Again, as Q1000 pointed out in his elaborate and elegant answer to Ben regarding slide #28, the growing of Qualcomm’s market share is no longer limited to CDMA2000 and WCDMA. Dr. I. J’s surprise answer (to me anyway) to my question regarding the Textronix marketing director’s statement that there would be no GSM in Europe after 2009 I believe further emphasizes this. I was expecting that “no GSM in Europe after 2009” would be greeted positively by Qualcomm in that it would accelerate the deployment of WCDMA. However, Dr. I. J. stated GSM would be around for at least another decade. This signifies to me, that in order to achieve 93% to 100% Qualcomm/ CDMA subscriber market share without the widespread deployment of WCDMA, GSM1X and MSM6300 equipped dual mode phones will occupy a prominent role in Qualcomm’s bright future. The Best Is Yet To Come- Jim