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

To: Jim Mullens who wrote (143967)	7/25/2006 4:56:29 PM
From: slacker711	Read Replies (2) \| Respond to of 152472

Therefore, all the current mobile wireless 2.5+ billion subs (?) plus new adds will become potential users of 3G devices over the next five plus year’s and thus represent Qualcomm’s TAM. If you are going to define the TAM as everybody who might potentially buy a WCDMA handset, I think you could probably boost that to at least 4 billion. However, I think that is an entirely useless way of looking at Qualcomm. The market values Qualcomm on revenue and earnings per year. That boundries of that market are the total value of the wireless market in any given year. Right now, Q has access to about 45% of the market (by revenue) likely growing to 80%+ very quickly. The final 20% will take a long time as GSM is going to take a very long time to displace in many areas. I know you wish that Qualcomm was in the first inning of their growth curve, but I just dont think it is true. Slacker