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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 (41289)	6/25/2004 11:15:28 AM
From: carranza2	Respond to of 196984

However, personally I dont count on Qualcomm to provide an update. Right. There is in effect a self-imposed month-long quiet period before earnings are announced in July.

To: slacker711 who wrote (41289)	6/25/2004 1:36:55 PM
From: Jim Mullens	Read Replies (2) \| Respond to of 196984

Slacker / C2, Re: RBC report of CDMA semi component weakness- 1. “TSMC is a foundry....I would assume that they do not fall under the term SAT which is where they attribute the comments about CDMA weakness. “<<<< It’s my understanding that TSMC along with IBM are the two foundries supporting Qualcomm’s MSM production and have been requested to and have agreed to provide additional capacity to support increased MSM demand to relieve the allocation problem. I’m not sure if Qualcomm uses these SAT ( semi assembly and test) companies, but I assume that Q’s MSMs require testing, whether at the foundry or at SATs. I recall that ChipPac was at one time a Qualcomm supplier (packaging and test). 2. “There are all kinds of explanations. Perhaps Qualcomm has moved some of their business to a Chinese company....perhaps the product transition to the MSM6100/MSM6500 has created a momentary blip in sales....or perhaps end market demand has slowed a little bit.”<<<< The above could all be true, but that would not indicate overall “weakness” in wireless semi-components, “particularly CDMA”, just because a few SAT companies they saw in Taiwan and Singapore apparently indicated they were experiencing such. Should RBC extrapolate “overall weakness in the entire wireless semi components market (including the largest product- Q’s MSM- “particularly CDMA”) from that one data point? The article discussed the “overall semi market and stressed weakness for CDMA components in 2H04 >>”"Wireless forecasts are weak going into 2H:04: After strong Q1 and Q2 for wireless components, at this point, forecast data from SAT (semiconductor assembly and test) companies for wireless components show weakness in 2H:04, particularly CDMA components." From the Q’s reports and recent presentations citing extreme strength in CDMA, nothing could be further from the truth in reporting “ weakness in wireless forecasts....particularly CDMA components”. The article stressed CDMA wireless as the only area with the overall semi market as being weak. By the above, IMO most reading it would infer that there will be weakness in CDMA semi components in 2H04. Since it’s my understanding that CDMA Chipsets represent the largest piece (dollar wise) of the CDMA semi market, IMO most readers take would be that the CDMA chipset market would be experiencing weakness in 2H04. Since Qualcomm is the largest fabless semi and perhaps now the largest wireless component semi (TXN and QCOM were virtually tied at last look), one could naturally infer that this would signify “problems” at the Q. Inasmuch as the article stressed weakness within “CDMA” from the RBC research, and the Q is CDMA, IMO if there were no weakness in the MSM chipset business that should have been so stated. Perhaps it was in the RBC report, but omitted from the article. Perhaps this RBC report was written by their Semi analyst, and the Q is covered by their Comm Equip analyst and they’re not “working from the same page”. With the unexpected strength in the CDMA chipset market so far this year, WCDMA ramping in Europe, the Q reiterating this past week strength in virtually all of the CDMA handset markets world wide and expressing no concern that China won’t hit their targets, the EV-DO market ramping, and the second half of the year the strongest to support Christmas season sales, I felt it extremely “strange” to see a report suggesting CDMA “weakness” for 2H04. You obviously didn’t read it that way and apparently found it “strange” that I did. (gg) This article today continues to reflect strength in the handset component market >>>. “China handset makers 'significantly' affected by component shortage – analyst” forbes.com 3. C2, Re: “Right. There is in effect a self-imposed month-long quiet period before earnings are announced in July.” I’ve heard that before also, and have also been confused by such. TT presented twice in the past week, the last on June 23 within a month of the next scheduled earnings report . William Blair 24th Annual Growth Stock Conference June 23, 2004, 7:30 am (Central) Presentation by Tony Thornley, President & COO Webcast Presentation Presentation Slides - PDF Format, 2.02MB 15th Annual Bear Stearns Technology Conference June 15, 2004 Presentation by Tony Thornley, President & COO Webcast Presentation Presentation Slides - PDF Format, 1.31MB QUALCOMM Inc. Earnings Conference Call (Q3 2004) Scheduled to start Wed, Jul 21, 2004, 5:30 pm Eastern

To: slacker711 who wrote (41289)	6/26/2004 10:58:51 AM
From: slacker711	Read Replies (1) \| Respond to of 196984

China Telecom set to back W-CDMA telecomtv.com 25/06/04 08:50 - by Grahame Lynch China Telecom has given the clearest indication yet of how it will place its bets in the 3G technology stakes with local press revealing yesterday that it is in the final stages of talks to buy up to 1 billion yuan (US$121m) worth of W-CDMA phones. While Ministry of the Information Industry (MII) officials are yet to give any real indication of when 3G permits will be allocated in China, this hasn’t stopped operators preparing themselves for the event. China Telecom and rivals ChinaUnicom, China Railcom and China Mobile are all involved in field trials of 3G network technology and several key vendor partnerships are already in place. China Telecom itself is working with Alcatel on a test W-CDMA network in Shanghai. On the handset side, the Beijing Morning Post reported yesterday that China Telecom is in talks with six mobile phone makers with a view to placing a major order sometime in the next two months. Motorola, Samsung, Sony Ericsson, NECand Huawei were all named as possible partners, although the operator is expected to settle on two or three suppliers once negotiations are complete. According to the report, China Telecom is seeking somewhere between 500,000 and 1 million W-CDMA phones, at a final price of less than 1,000 yuan ($120) each. Combined with its network efforts with Alcatel, the order is seen as a clear sign that China Telecom will opt for W-CDMA as opposed to CDMA2000 or the homegrown TD-SCDMA standard. While several companies are backing trials of CDMA2000 in China, it has been attracting negative press recently following reports of interoperability and handset issues in the tests. Proponents of TD-SCDMA however, recently joined forces with backers of W-CDMA to cooperate on interoperability between the two technologies and said that their platform should be ready for commercial deployment within twelve months.