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

To: kech who wrote (90282)	3/16/2010 3:45:06 PM
From: golfinvestor	13 Recommendations Read Replies (2) \| Respond to of 197067

Anyone else find if funny how MGMT changes the objective of the service businesses they either buy or start when they don't first succeed. Firethorne was intended to do banking on the phone and now it is your e-wallet. MediaFLO was intended for cell phones and now it is intended for e-readers. BREW was intended for downloading applications and now it is supports widgets. What's next, OmniTracs was intended for trucks, but now it is intended for spaceships? One thing for sure, Q's service businesses loose lots of shareholder's money and that intention has never changed.

To: kech who wrote (90282)	3/17/2010 12:22:02 PM
From: Jim Mullens	3 Recommendations Respond to of 197067

IMO, Bill Davidson (BD) hit another one out of the park at Roth--- in his time-limited / fast-paced presentation. -----repeatedly emphasizing Qualcomm’s growth story and being **uniquely positioned with the industry. + # 1 wireless semiconductor supplier + 700+ devices launched in FY09 based on QCT chipsets, up from about 300 in FY08 + Significant Growth Forecast for 3G subs- …….2009 ~945M …….2014 ~2.7B + Migration from 2G to 3G Continues to Accelerate ……2009 ~ 50% of handset shipments 3R ……2013 ~ 69% 3G ……Made point that if not one new sub was added in the world, existing sub base converting to 3G would provide great growth by itself. But many new subs will be added, mainly in developing world. + By 2012 emerging regions expected to represent >50% of 3G handset Shipments + QCOM uniquely positioned within the industry ……with System-on-a chip solutions vs others with only Discrete solutions + Chipset Innovating Driving Device Choice and Growth ……Chipset roadmap vastly broader, supporting all price / technology tiers ……….and virtually all operating systems + 4G Success Enhanced by 3G Experience …..QCOM is Uniquely positioned to support first multimode LTE/3G deployments + CDMA Shipments for CY 2010 estimated to grow between 16 to 25% ….. “CDMA Growth is a key stockholder value driver “ + Summary- Well Positioned for Future Growth- …+ OFDMA Licensing Momentum--- top 3 handset mfgs licensed …+ 2G to 3G Migration Continues …+ Expanding partnerships with many companies—i.e. Amazon …+ New Market Opportunities …+Strategic Investing for Long-term Growth …+ Technology Leadership During the abbreviated Q&A, BD made the most of his opportunity to most effectively explain the ASP conundrum/ quandary (a looong but effective answer to a perplexing issue) …Driving robust growth is positive, yet may result in volatile ASPs. ….Mix /Mix /Mix- product mix / geography – demographic mix … ASPs may become less stable / more volatile due to driving growth in multitudes of lower priced devices to support many new devices in new categories / uses, and multitudes of new subscribers in developing regions with differing demographics. …?? Will BK have to provide more details as to product mix to defuse the implied negativity surrounding “lower ASPs? ………….+ Devices ??? ………………Handsets (MSM / QDC / QSD) ………………Dongels - external / embedded modems (Gobi / MDM) ………………Other- (FLO TV- personal, phone, auto) TV chip?), CE devices, M2M ……..the “Fast trader” community (speculators / hedge fund operators) appreciates the opportunities afforded by such “inflammatory” / action words as --- lowered, missed, reduced, cut, slashed (CNBC- SLASHING ** guidance, hacked .

To: kech who wrote (90282)	3/17/2010 1:27:44 PM
From: FWS	3 Recommendations Respond to of 197067

Yes, I believe they defined Mediaflo as a mobile broadcast system, and that mobile TV would be just the first most obvious application. When it comes to e-readers, there is a clip somewhere on the net with a Qualcomm rep (Cheryl Goodman) displaying the mirasol screen on an e-reader and saying, "publishers are nuts for this." So I can imagine publishers pushing e-readers as a form of distribution now that color mirasol can uniquely present their product. To subscribe to a major paper costs anywhere from $100-$200 a year or more, and distribution costs money whether there are 100 people in the neighborhood are just 5. At the present state of newspapers..it is just not cost effective anymore to deliver newspapers as the number of subscribers does not support economies of scale. (i'm surmising this. no proof!) So yes, I can see publishers pushing ereaders as a green, practically zero cost way of distribution. And YES, I would subscribe to have a daily paper delivered daily right to my e-reader for 40-50 buckies a year. Wake up and it's there. Mediaflo fits this perfectly. And for the travelling businessman who needs his WSJ fix, how much is he willing to pay. Delivering papers to ereaders is totally green, totally convenient, and totally easy. Mirasol readers combined with mediaflo makes sense. The goal of Firethorn was not just mobile banking, but mobile PAYMENTS. There is a difference between checking balances/transferring money and mobile commerce. Any computer can check balances and transfer money. The end run for Q was mobile payments and carving out a slice somewhere in that multi billion payment society. I don't know where the wireless operators, Visa, Mastercard, Amex and Qualcomm and other mobile money pushers will meet, but the game is starting ever so slightly. If Q can get positioning in some way I would be happy. Wireless operators already have billing systems, going into payments to save their businesses from becoming dumb pipes makes some sense.