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

To: hueyone who wrote (127196)	2/26/2003 9:06:43 AM
From: Jim Mullens	Read Replies (1) \| Respond to of 152472

Huey, Re: your question to Mq->>>”Is it really that hard for to grasp the difference between this compensation issue we are discussing and valuing the company?”<<<< I believe in your obsession and fixation on the past and the stock option issue you are missing the big picture in how to find good companies to invest in and value their potential. Qualcomm’s potential, which was always huge in my estimation, has just increased by several magnitudes IMO. None in the “analyst” or financial media covering wireless have reported this as of yet. You may still have the opportunity to “get in at the ground level” if you look toward the future rather than “through the rear view mirror” Qualcomm has entered the GSM/GPRS market and thus it’s market has just expanded from the “niche” CDMA space to virtually the total world of mobile wireless (GSM/GPRS- CDMA). Mr. Keitel (CFO) stated yesterday Qualcomm is now going after the remaining 87%. This article posted by Ben on the other thread pretty much sums up Qualcomm’s and Dr. Irwin Jacobs’ thinking on the matter. Hueyone, I hope you read, comprehend, enjoy, and invest/ profit from this article. I would have bolded and underlined the highlights to aid in your comprehension, but that would have covered at least 90% of the piece. So, please consider the whole article underlined and bolded. The Best Is Yet To Come- jim AFX.COM February 26, 2003 BEIJING --The first dual-mode handsets using Qualcomm Inc technology that will allow users to switch between GSM/GPRS mobile networks and CDMA2000 networks should be available commercially in autumn, chairman and CEO Irwin Jacobs said. Several handset manufacturers have signed licence agreements with Qualcomm to use its 6300 chip, Jacobs told reporters at a briefing here, but he would not disclose the number or the names of the companies. He also forecast a significant market for dual-mode phones, adding that Qualcomm will be pricing the chips at a level to encourage their use lower down the value chain. Vodafone Group Plc and China Unicom, which has just started testing GSM1X technology in Shanghai, are the two main operators that have expressed interest in the handsets, said Jacobs, who is in Beijing to officially launch a joint venture with China Unicom to develop applications running on its BREW platform. "Vodafone has GSM/GPRS networks in Europe, but has a large investment in Verizon which runs CDMA 2000. "So they prefer when people roam to the US that they roam on the Verizon network and that Verizon subscribers, when they go to Europe, roam on Vodafone. It's not been possible to do that with a single handset but now it will be possible. They've been pressing that." China Unicom's Hong Kong-listed unit has some 54.67 mln subscribers on its GSM network, but its parent launched a CDMA network in January last year, which has 7 mln subscribers, and a target of 21 mln by the end of this year. Unicom is now upgrading to the much faster CDMA 2000 1X technology. GSM1X could provide the company with a low-cost option to upgrade its GSM network, using the CDMA network to provide data services to users. Jacobs estimated that the market for dual-mode handsets would be significant over the longer term, particularly those with features such as global positioning, which will, for example, allow parents to track their children's movements. "I think (the market) will be very large. The number of people that actually roam is a very small percentage of overall subscriber base, but when you go to market the phone, people say... 'well, I might want to be able to use it elsewhere'. "It's attractive. So I believe we will be moving to a very high percentage of phones having the dual-mode capability." The handsets will initially be higher-end sets, targetted at users who roam regularly. "But very quickly I think they... will move into mid-tier and perhaps later out into low-tier phones. "The cost in the chips themselves is not very great. And we are going to price them to encourage multi-mode multi-band phones as much as possible. "Manufacturers will initially try to recover development costs through somewhat higher pricing up front. I think as you look out a year to a year-and-a-half, the difference in cost between a phone that can roam anywhere in the world and a phone that's more regional, will be very small." For more information and to contact AFX: www.afxnews.com and www.afxpress.com