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

To: brian h who wrote (13733)	8/14/1998 10:37:00 AM
From: Ramsey Su	Read Replies (1) \| Respond to of 152472

Brian and all, slightly off topic but did anyone see the new Apple machines? I was almost tempted to buy one because of its looks. That is what I meant by QC having to improve on the design of the cell phones. I think many will buy simply on a flashy design instead of worrying about CDMA, GSM, TDMA, iDEN or ABCD. Ramsey

To: brian h who wrote (13733)	8/14/1998 10:38:00 AM
From: Jon Koplik	Read Replies (2) \| Respond to of 152472

To all - O.T. -- while we are on the topic of over-priced securities (and I will not talk about Coca Cola (right now, at least)) -- did anyone ever think it made sense for TLAB to be valued at well over 10 times sales? Jon.

To: brian h who wrote (13733)	8/14/1998 1:09:00 PM
From: tero kuittinen	Read Replies (4) \| Respond to of 152472

Hmmm... you sound bitter. I would think that it is obvious that Sony is not a genuine growth stock. This company is a sprawling, unfocused, low-margin, commoditized mess. And that's just the upside. Nokia is incredibly focused: 80% of the sales come from mobile gear. That's why Nokia is showing 70% profit growth - in comparison Sony, Philips, Motorola and Siemens do look fat and fatigued. Since Nokia is going to post about 60% handset sales growth and 40% network sales growth in the third quarter it should be a no-brainer that it has room for growth. Nokia was the only company in the world that had the guts and vision to bet the entire corporation on mobile phone boom in the late eighties. They sold off everything else and jumped from the cliff, certain that their wings were strong enough to carry them. In contrast, companies like Sony hedged their bets, made some hesitant, half-assed investments in mobile R&D - and are now losing out in a big way. Qualcomm is in many ways an innovative, promising little outfit... but they're a day late and a dollar short. GE's CEO, one of the most admired business leaders in the world has this rule that if some GE division is not number one or number two in its field it gets the axe. There's a lot sense in that approach. Nokia is now number one in phones and number two in networks - companies vying for positions between 4-7 are in for a rough ride. Tero