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

To: Gregg Powers who wrote (8547)	2/15/1998 10:27:00 PM
From: Stewart V. Nelson	Respond to of 152472

Gregg A few more data points courtesy of BT Alex Brown: 1. Korea represents about 15% of December quarter's revenue. 2. Korea represent about 30% of December quarter's operating profit. 3. Korea represents about 60% of ASIC revenue. 4. After QPE, QCOM's two largest customers for ASIC's are Samsung and LGIC. 5. ASIC revenue was $165 million in Q1/FY98. 6. Qualcomm recognizes royalty payments on a one quarter lag from receipt. 7. 1Q revenues reflect royalty payments from 9/30/97 with Won at 914 to dollar. 8. Q2 royalties will reflect Won at 1680 to dollar. My best guess is that 2Q revenue will still be in the vicinity of $900M (+ or -) with net income of $30M. I am buying more QCOM on the open Tuesday. I believe the stock will over $50 by the end of Q2 based on an estimate of 25X $2.00 for CY1998. Just my opinion. regards Stewart V. Nelson

To: Gregg Powers who wrote (8547)	2/15/1998 10:27:00 PM
From: bdog	Read Replies (1) \| Respond to of 152472

Gregg First let me echo the general appreciation already expressed by myself and others for your most timely, coherent and clarifying posts. You've been a breath of very fresh air - mostly confirmatory to me as a long term buy and hold long with a perhaps overly concentrated portfolio heavily weighted with QCOM. The depth of understanding and expression you have shared has helped to allay the almost chronic anxiety I've felt watching the inefficiency of the market in relation to this company over the past two years. Two questions: First, my understanding is that in a takeover, QCOM's IPRs would become free and available to all. A deal breaker to any hostile takeover I figured. Your comment re. this poison pill being side-stepped by a "good faith" approach scared me. Could you please explain this. Clearly management wants to take this company to its full potential on an independent basis and the prospect of them being stymied in this is quite worrisome. Also what is the name of your management company and how can I find out more about it. If you don't wish to post such information generally, I'd appreciate an e-mail response. Thanks again, Greg (one g)