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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Jim Mullens who wrote (78295)	7/4/2008 10:17:53 AM
From: slacker711	Read Replies (1) \| Respond to of 197013

Hardly think “..(3G) is rapidly approaching the top of the S-Curve” with 3G subs- …+ currently under 13% of total global subs …+ won’t hit 50% of total for another 5 years – …+ eventually, virtually all subs will be 3G If Qualcomm was an operator, these would be the important metrics. However, they are not an operator, and you are going to be in for a rather large negative surprise if you base your growth assumptions on these numbers. The important number for Qualcomm is the revenues associated with handset sales. The last time I looked, 3G handsets accounted for over half of total handset revenues...so saying that they are getting towards the top of the "S curve" is an accurate statement. Fortunately, Q has been able to grow their market share in chips. Since they only have around a 1/3 share, there is still room for growth in this segment over the next few years....and of course, they also have the possibility of adding back in Nokia's royalties and subtracting out the huge amounts of SG&A associated with the legal battles. Slacker