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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40874)	3/29/2004 10:02:04 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70345

07:21 AFCI Tellabs mulls Advanced Fibre Comm takeover -- Lightreading (21.66 ) Lightreading reports that there is talk that interested parties are looking at acquiring Advanced Fibre Communications Inc. Several sources say to paper that Wall Street circles are whispering about AFC as the target of an acquisition. The leading candidate is supposed to be Tellabs, but other larger players, such as Nortel Networks have also been known to be looking for the type of access product portfolio that AFC has to offer. Tellabs CEO Michael Birck is on the record as saying that his co is interested in expanding its product portfolio. Access products, especially with the potential for FTTP business, would be a natural way to do that. According to the article, the deal becomes more possible given AFC shares trading off its highs. 07:21 QCOM Qualcomm upgraded at Soundview (61.76 ) Schwab SoundView upgrades QCOM to Outperform from Neutral and raises their target to $75 from $55 based on the following factors: 1) CDMA chip demand remains strong, 2) Latin American handset distributors and OEMs report a robust North and South American mkt, offsetting possible China weakness, 3) firm believes the Nokia CDMA threat will diminish as 2004 moves forward due to NOK's tardy entry into the clamshell and EV-DO segments of CDMA, and 4) contacts suggest the W-CDMA royalty structure for handsets will mirror GSM, where total royalties amount to roughly 16-17% of the wholesale handset price (QCOM's current royalty in CDMA is ~5%).