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

To: carranza2 who wrote (143205)	7/3/2006 12:02:42 PM
From: blimfark	Respond to of 152472

OK C2....I'm OK..just my slow to boil Polish blood reaching criticl temperature. Thanks for talking me down. The pace of the attacks is getting frenetic...perhaps that's a good sign.

To: carranza2 who wrote (143205)	7/3/2006 2:37:24 PM
From: GPS Info	Read Replies (1) \| Respond to of 152472

What you suggest is exactly what Q shouldn't do. If it does, I'm unloading a big chunk of my position. Carranza2, I would like to chime in and agree with your very fundamental idea: If Qualcomm capitulates on royalties or indicates that a coordinated attack might make them capitulate on royalties, they are cutting their own throats. Even if they only draw blood, there are enough sharks (naked shorts) in the water to bury them for good. The moment I see this occur, I unload my QCOM shares. When the POS asked to have Qualcomm investigated, I waited anxiously to see how Qualcomm would respond. If they suggested lower royalties, I would move my shares out of QCOM. If they fired back aggressively (and they did against NOK), I would hold on and see how things shook out. IMHO, if Qualcomm cannot call a bluff, they can’t be in this game. I sincerely hope that Qualcomm is game for high-stakes poker (~30 billion), but I can’t assume that they are.

To: carranza2 who wrote (143205)	7/3/2006 4:36:49 PM
From: Jim Mullens	Read Replies (3) \| Respond to of 152472

C2- Re: Coordinated attacks and Qualcomm’s I agree with your rejection wrt “Q needs to make a bold public* move here and acknowledge that it is under attack ....”.* Over the years, it has been proven that Qualcomm and the CDG are no match against NOK/ ERICY and the GSMA in a public PR shoot-out. For some reason (advertising $$??), those folks have little difficulty getting their message out early and often (see following list just over the past few days). However, on occasion it’s good to see the Q issue a statement to counter the most blatant attacks (Korea royalty ceasing / NOK – CDMA in decline, etc). So, what’s the Q to do?- 1. During the upcoming earnings report- 1.1. exhibit confidence in the future via announcement of stock repurchases (as you stated) 1.2 exhibit further confidence by increasing the authorization from its current $2.5B amount. 1.3 Increase FY06 EPS guidance 2. Bill K during his recent Blair presentation made mention of the “pressures” to a certain degree, in fact the stock being under pressure. Further, in prior presentations the Q discussed to a limited extent their response to the EC complaint case. 3. In the past few days the “coordinated attacks” quickened to include – 3.1 CDMA “flips” in India, S. Amer, Australia/ New Zealand. 3.2 India royalty issue / non-competitive CDMA handset pricing 3.3 Korean anti-competition filing by TXN and BRCM. 4. Since a campaign of PR volleys and public presentations highlighting these issues appears to only stoke the fire, perhaps a new FAQ section on the Q’s website with brief but factual responses to these new “attack” issues as they arise would be a more appropriate and effective way to respond. (For one, I'd like to see factual documentation of GSM IPR rates- BK noted some of Q's customers reported such) C2 (if still at home / surfing the net) as and attorney, I’d be interested in your thoughts as to how much info the Q can / should publicly disclose in a FAQ type forum to support its investors during the next nine months of “rocky road- Rich B” without harming its various upcoming legal cases? Again, it helps somewhat that the Q / we’ve been through this before on several occasions, with the abundance of facts on our side , and a history of positive outcomes. Recent “attack” headlines Today, Mon, Jul 3, 2006 • GSM telecom vendors say their system outpacing CDMA at Reuters (Mon 12:16pm) • Broadcom and TI take action on Qualcomm at FT.com (Mon 12:10pm) • Broadcom files antitrust complaint in South Korea bizjournals.com (Mon 11:36am) • • U.S. Companies File Qualcomm Complaint AP (Mon 4:15am) Sun, Jul 2, 2006 • U.S. Companies File Qualcomm Complaint AP (Sun 10:38pm) • TI, Broadcom complain to S.Korea FTC about Qualcomm Reuters (Sun 10:29pm) • UPDATE - TI, Broadcom complain to S.Korea FTC about Qualcomm at Reuters (Sun 10:22pm) Fri, Jun 30, 2006 • • Wed, Jun 28, 2006 • Qualcomm Resists Demands for Royalty Cut AP (Wed, Jun 28) • • Telecom Stocks: Telecom stocks gain momentum, inch higher at MarketWatch (Wed, Jun 28) • • UPDATE - Qualcomm says India royalty 5 pct, eyes cheaper sets at Reuters (Wed, Jun 28)