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

To: Mike I. who wrote (6307)	12/12/1997 4:37:00 PM
From: dougjn	Respond to of 152472

No, its not true: <<Joe Kernan just said that Korea represents 75% of Qcom's cdma business>> Its part of why I bought back in 14 points below where I sold on Korean concerns. May still go lower, but certainly a lot of the bad news is in it. Re: Kernan. It may be true that 75% of current CDMA cell phone users are in Korea (my guess is that is dated info, but whatever.) I believe their whole cell phone system is CDMA. Large installed base. That's history. doug Korea is nothing close to 75% of Qcom's current sales. Schroeder estimated a .20 hit in 98, from 2.20 to 2.00. My guess is it will be a bit worse. (I think they divided Korean profits in half. But Korea will not only pay less $ due to 50% cheaper Won, fewer sales will be made by Samsung et al in Korea to worried cos and individuals. And Samsung will probably delay payment, etc. Doug