Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: limtex who wrote (142996)	6/23/2006 9:25:23 AM
From: JeffreyHF	Read Replies (1) \| Respond to of 152472

Forget about it, Limtex. The stock is being "worked", and it`s going well down into the 30`s. So what, in the near term? It will be "worked" again to the upside. How many times have we seen this before?

To: limtex who wrote (142996)	6/23/2006 9:25:25 AM
From: kech	Respond to of 152472

Maybe Nokia could spin-off their business unit that manages short attacks on Qualcomm and speculates on the downdrafts. Now that would be a profitable division! I would like to own some stock in that... So now I guess they have a good plastic faceplate division and a good short attack hedging division. Too bad they can't just focus on making WCDMA work better. Ahhh, but they don't need to, they have Qualcomm to do that for them.

To: limtex who wrote (142996)	6/24/2006 4:12:50 AM
From: marginnayan	Respond to of 152472

Not anymore: Keitel said he was standing by his forecasts for Qualcomm's 2006 financial results UPDATE 2-Qualcomm says Nokia pullout will not hurt CDMA 4:18 p.m. 06/23/2006 Provided by (Adds details, executive comment, share price update, byline) By Sinead Carew NEW YORK, June 23 (Reuters) - Qualcomm Inc. (QCOM) said on Friday that Nokia's decision to stop making cellphones based on Qualcomm's CDMA technology would not affect its 2006 financial outlook or the growth of the wireless technology. Nokia said on Thursday it had scrapped plans for a venture with Japan's Sanyo Electric Co Ltd. to produce phones based on CDMA, citing concerns about CDMA's growth prospects and the venture's technology-licensing terms. "Its not a surprise to us that Nokia is announcing it's stepping back from the CDMA business because I don't think they had that much success," Qualcomm Chief Financial Officer Bill Keitel told Reuters in an interview. Nokia, the world's biggest cellphone maker, and Qualcomm, the dominant designer of chips for CDMA, have had an acrimonious past, fighting over everything from competition rules and technology standard setting to licensing fees. Qualcomm's shares fell 6 percent on Thursday on news of Nokia's pull back from CDMA phones, which raised concerns about the prospects of CDMA and disappointed investors who saw the venture as a boost in demand for Qualcomm chips. The shares fell another 4.54 percent to $39.50 by the close of trading Friday on the Nasdaq. CDMA is the main wireless technology used in the United States, but globally only has a 25 percent to 30 percent share of mobile subscribers. GSM is used by about 70 percent of the world's 2 billion cellphone users. Keitel said he was standing by his forecasts for Qualcomm's 2006 financial results and handset market, because other companies, such as Motorola Inc. (MOT), Samsung Electronics Co. Inc and LG Electronics would continue to sell phones based on CDMA2000, a version of CDMA. "There are many equipment manufacturers of CDMA2000 that we expect will readily supplant any areas Nokia steps back from," said Keitel. Qualcomm said it was untrue that its licensing terms had resulted in Nokia and Sanyo's failure to complete their venture and suggested that move was to be expected because Nokia focused more on GSM, a technology prevalent in Europe. Nokia was not immediately available for comment. Charter Equity Research analyst Ed Snyder said Nokia's decision was unlikely to affect Qualcomm's performance this year, but some investors worried the move signalled a wider shift away from the CDMA2000 standard toward GSM. "By itself, it's not putting a nail in the coffin, but it's a significant event," he said. "This isn't necessarily bad for Qualcomm in the short term because it has a significant and growing royalty stream from the latest version of GSM." Many operators using GSM are installing a technology known as WCDMA for high-speed wireless services. Qualcomm receives royalties from WCDMA. Nokia was one of several companies that have complained to European regulators about Qualcomm's competitive practices. The regulators are still reviewing the case. The two companies have also been trying to renew a technology licensing agreement that expires in April 2007. Keitel said the latest spat should not effect the talks. "This is all just a part of business. Having a relationship with Nokia and renewing our licenses next year is in our shareholders' interest and in Nokia's shareholders' interests. That's what going to govern our relationship going forward," he said