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

To: Jon Koplik who wrote (11222)	6/7/1998 12:56:00 AM
From: marginmike	Read Replies (1) \| Respond to of 152472

Hey Jon I just emailed you back, hows things. Ill call you on monday abouth other things. As for up north situation not so great. There ar e no Q phones and very few Qualcom phones at all. Nokia and Samsung are phones of preference. Stores seem to sell everything except Qcom

To: Jon Koplik who wrote (11222)	6/7/1998 6:00:00 AM
From: Maurice Winn	Read Replies (5) \| Respond to of 152472

Welcome to SI Jon. I guess cheapskates like you get a hurry up when you see the price rising in 40 minutes - grab a bargain while it lasts eh? Gee, SI is making a bit of money at $200 a go. The Web is hardly free now. I hope you do as well on SI as you do on Eurodollars. Shouldn't be too hard given your cautious, patient, method = study the situation for zillions of hours, then deal and wait until the fundamentals come in. Gregg is getting jumpy at times, presumably because he is under some pressure for his investment fund to stop lagging the hot shot funds. But having found what he calls the biggest dichotomy between internal reality and external perception, I'm sure he will be extremely reluctant to give away the arbitrage profits to some Johny-come-lately. As long as his investors hang in there. No sweat for me as I only answer to me and the margin loans interest rate which is conservative and only 7.25% thanks to Alan Greenspan printing flat out and sucker-cash holders lending their money at what they think is a net after tax and inflation interest rate. A few others are jumpy. Caxton - stewing for a couple of years. Ramsey [welcome back] trading in and out but maintaining a permanent stash of Qcom as well. Tell me, just how many networks do you have in Naples? I guess analog, GSM, GTE 800 MHz cdmaOne, Sprint PCS and Primeco PCS = 5 systems. Any others or is there no GSM? Meanwhile, Sven-Christer Nilsson, the new chief executive of L M Ericsson has been in New Zealand. I guess he got wind of the threat from Maurice@cdmaCellular.co.nz here so came out personally to lead the troops with their US$20bn revenue [only 5 times Qualcomm] and US$3.5bn R&D spend. No doubt they were also lining up Telstra, Clear Communications, Telecom New Zealand, Saturn Communications, Bellsouth and others to keep the spectrum auctions and sales channels on the rails. Of the $3.5bn R&D, they were reported in Infotech Weekly today as putting most of it on internet related stuff, seeing IP as being the total future in a few years [10-15 or maybe longer]. Ericsson is reported as having 40% of the world cellular network market. Now that is a lot to lose if they get no progress on cdma2000 using Qualcomm's IPR. The article says: "On the cellular front, Mr Nilsson is optimistic that a world standard for the next generation of cellphones will come about - allowing the creation of a "worldphone" that can be used anywhere in the world." "Standards for the next cellphone generation are being finalised by world authorities this year, and Mr Nilsson believes that the wideband CDMA standard that Ericsson supports [and holds many patents for] will win out. These phones are expected to start appearing on the market by 2001." [Sic for all of that! Yes, 'many patents for'] "Cellphone subscriber numbers are likely to escalate to about 830 million by 2003, he says, from around 201 million today. Seventy-five million of today's subscribers initiate calls in networks delivered by Ericsson". "Penetration rates of 50-60 per cent are expected in major parts of the industrialized world". "New Zealand, a 'small, well-contained, deregulated market', has been used for many years as a testbed for Ericsson products - an activity Mr Nilsson intends to continue." "And New Zealand, he says, will be one of the first countries in the world to auction the UMTS 2 gigahertz spectrum, suitable for sophisticated Internet cellular access. This will happen at the same time as the Commerce Ministry sells off the 1800-1900 megahertz spectrum in August in an auction that should stimulate significantly more mobile phone usage". Those are the relevant bits of the article. Wow, lots of patents in cdma2000 eh? Reading the article, you'd think they were chief cook and bottlewash of the cdma world. For how long they've been going, with only five times the revenue of Qualcomm, with 10 times the number of employees, they aren't far ahead. Qualcomm is no longer a minnow among the big boys. If we measure size by brainpower and IPR rather than body mass, Qualcomm is bigger than Ericsson. A Tyrannosaur is definitely large and aggressive, but not really a match for a quick-witted, hot-blooded human. Motorola is looking really sad these days. Going back to buying Qualcomm's ASICS and forming a deal with a Korean licensee [Pantech] to try to get things moving - which bears out Qualcomm's IPR/ASIC pricing so far. Of course it is an approximate art to price such things, but they are doing very well judging from results. [slightly over the 400 word limit - damn!] Mqurice PS: So far in the NZ spectrum auctions it looks like Telecom New Zealand, Clear Communications, Telstra, Bellsouth, Saturn Communications, Qualcomm and Ericsson versus Maurice@cdmaCellular.co.nz. I bet they're nervous. 7 Tyrannosaurs up against a hot-blooded, fleet of foot, indigenous, ingenious, cdmaOne fanatic. I seem to remember somebody killed 7 flies with a single blow - from 4 decades ago. I'll just put the word out to buy a local yokel's Anita[TM] or Oinkfone[TM] and shareholding. The crowd will be feasting on barbeQued dinosaur in short order. Yummm! Send money...