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

To: Stewart V. Nelson who wrote (6772)	12/30/1997 2:12:00 PM
From: Caxton Rhodes	Respond to of 152472

If in fact this quarters earnings are .50, then that's $1.64 trailing and a PE of 33 at around $54. Me thinks qcom will be back in the 60s in Jan, unfortunately we might have to wait till April for the 80's. Any one have the 98 quarterly estimates handy? Caxton

To: Stewart V. Nelson who wrote (6772)	12/30/1997 2:31:00 PM
From: Webster	Read Replies (1) \| Respond to of 152472

With regards to hand set and asic sales in 98, does anyone know what is the selling price for a qcom asic phone chip? Do they get $25 for an ascis phone chip? Just trying to put together various pieces of the puzzle. With regards to new cdma phones in 1998, I've seen estimates ranging from 15 mill to 24 million. Does anyone have a range for qcom's estimated market share of asic sales for 1998? I know Nokia will be making their own asic chip based on a royalty agreement from qcom. Besides tha t will there be any other asic competitors. Any word on when Motorola will have their own asics? Thanks. Web.

To: Stewart V. Nelson who wrote (6772)	12/30/1997 3:54:00 PM
From: IKM	Respond to of 152472

Except that the price decreases won't be fully passed on. The network operators will decrease their subsidies and increase their net. They'll manage demand through pricing to avoid incurring uneconomic capacity expansion. Don't forget it's the carriers who purchase the CDMA handsets from the manufacturer, not the end customer. If the manufacturer (QCOM) sold to the consumer, the price would be much higher, with unsubsidized handset and distribution cost. Samsung wants to wholesale phones at $300 in 1998, per the press release. Sprint sells their Samsung handset for $99 today, and has additional cost of acquisition on top of the wholesale cost of the handset. Do you really think they'll pass a price decrease from, say $400, on to the consumer?