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

To: SKIP PAUL who wrote (7154)	1/15/1998 11:48:00 PM
From: John Poydock	Read Replies (8) \| Respond to of 152472

Hello,, I just spent an hour reading this thread due to the stock getting smacked badly since it was picked by Individual Investor for their Magic 25 list (down form $68.25). Well, after an hour of reading dozens of posts I will not buy this stock. I have never seen a thread with so little "real" information about the subject,,,in this case QCOM.

To: SKIP PAUL who wrote (7154)	1/16/1998 9:31:00 AM
From: kech	Read Replies (1) \| Respond to of 152472

Dan, Neeraj, Skip and Ramsey - Agree there are lots of reasons for low margins - start-up etc. On a point by Dan #7116 (who probably has his spreadsheet set up this way) there is the following statement that due to minority interest held by Sony - Qcom gets revenues of whole Joint venture and it sounds like it ships 49% of profits to Sony. Skip and or Dan if this is wrong interpretation or if this is not true, please explain. <The way the phones flow through to Sony is via the "interest to minority shareholder line" .....it is basically a subtraction of profits sent to Sony.... QCOM gets all the revenues.....that is due to the 51% ownership factor.....HUGE increase in phone sales = HUGE growth in the company.... approximately $300 is underestimating their revenues....phones are sold for probably 350-400 on average...remember, the operators subsidize the sale of phones...the phones aren't compatible with EVERY operators systems either.....due to the programming....>