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

To: Carter Patterson who wrote (7985)	2/5/1998 7:12:00 PM
From: Frank Byers	Respond to of 152472

In the conf. call Irv said that PCS sales in the US are weighted towards the low-end, low margin phones. This is interesting and inconsistent with Sprint PCS announcing that average PCS monthly bills are $20 more than the average cellular bill. Irv also said they had much more inventory of the Q phones than they wanted. I suppose the early adopters of PCS are already lugging around an original QCOM phone, and the Q phones would have sold well if they had been there at the onset of PCS service in each market. Well, I believe the market as a whole is really overbought right now. The Asian Flu effects are just being felt, remember the LOR satellite order cancellation and 300-person layoff last week? Just because the Won and the Asian markets are picking up, it doesn't mean the average Joe over there has immediately started spending again. The typical Asian saves much more than the average American and they are going to reinforce that habit during these trying times. Thus consumption will be way down there for several quarters, if not years... IMHO, of course. FB

To: Carter Patterson who wrote (7985)	2/5/1998 7:40:00 PM
From: Clint E.	Read Replies (3) \| Respond to of 152472

>>Why the slowdown in 1900 MHz PCS Q phones, which is the third part of their release ? Are these not >>> primarily the Sprint PCS phones, which I thought were doing really well ?? Sprint/PrimeCo sales of Q-phones hasn't been doing well. I mentioned this two weeks ago. Message 3227587 and a month ago Message 3107365 QCOM problems in the H/S market are multi-fold, one of which is Samsung's attack in the US. When I mentioned it as a short on Monday on another thread some people on this thread called me "uninformed". Better be called uninformed than broke, if you ask me. Clint