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

To: tero kuittinen who wrote (17338)	10/28/1998 12:12:00 PM
From: gdichaz	Respond to of 152472

To Tero: Great to have your objective, balanced view back here.:-) Missed you. Congratulations to Nokia for a great quarter - note Ericy hid theirs. Yes Nokia is still pushing ahead but so is the Q. Since you are now, however briefly, in the US, you might notice that the Q has briefcase size "base stations" ready to roll, and the data capabilities are on a roll. There is the fun of merging the most popular hand held appliance (Palmpilot) into the Q phones, and lots of new stuff like the oncoming pdQ. Again, with the Q and Nokia, together the world !!. Ericy will be in the dust. Slow for the dust to settle, but it will. Ericy is sort of like a controlled demolition of a building. It looks great till the charges go off, then the collapse is there for all to see. Cheers. And best regards. (Appreciate your return - getting tired of patent stuff going on and on and on and on and ...) Chaz

To: tero kuittinen who wrote (17338)	10/29/1998 1:14:00 AM
From: Asterisk	Read Replies (2) \| Respond to of 152472

Hey Tero, always good to see your rants reappear. BTW, the new Nokia multichannel technology will boost the data traffic rate for GSM handsets to 56 kbps from 14 kbps. So when Qualcomm is launching its 14 kbps smartphone in -99 Nokia can deliver a 56 kbps alternative. Can I assume from this that you read nothing about the recent QCOM showing at the PCS show? Well let's recap. They showed an advanced high data rate solution that they had made that already did something like 2Mbps (someone correct me if I am wrong), I think that beats your paltry experamental systems and 56k by quite a wide margin. But enough bragging, I have a question for you. In a TDMA system doesn't it impact capacity pretty severely to string channels together? If so I wonder what capacity penalty Nokia is paying for this data rate. If I remember right I think that in a CDMA system you only pay an extremely slight penalty (a little higher noise floor) for stringing channels together. It seems to me that with CDMA you can bake your cake and eat it too in this case where in TDMA (GSM) you can either have voice or data, not both, without paying severe penalties.

To: tero kuittinen who wrote (17338)	10/29/1998 2:44:00 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

Well, I had a big rant done, tried to post it and it got eaten by SI's server breakdown today. So I gave up in a sulk and went to golf! In brief, GSM is getting better, but there is an olde Englishe saying = "You can't make a silk purse out of a sow's ear". Anything GSM can do, CDMA can do better. Yes, Northforce, it included a double your money back guarantee for $80 by end of October [or November if necessary]. Send risk managment premiums to my previously advised address in Eketahuna. I promise not to skip town. Where are Naples and Jupiter? People live there? I thought they are in Italy and near Uranus. PREDICTION FOR EARNINGS Not spreadsheetable, but here goes [justified in the same way that Kasparov doesn't use a spreadsheet but still does okay - Deep Blue notwithstanding]. Things are going really well. Leap is out of the way. NextWave too. QCP820 failures and Q plastic housings gone. Korean woes well gone and sales going mad over there. General realization that over 20m CDMA sales will have been made by year end, so the last quarter has seen substantially higher than expected handset sales giving royalties and margins on in-house production. Japan turned on this quarter and handsets rolling out. Omnitracs growth continuing unabated and diversifying. Infrastructure passed breakeven and direct sales now underway. Infrastructure royalties increasing as rollouts increase from Lucent, Samsung and co. You've seen the figures from Korea for royalties. WLL sales getting going quite well, direct and royalty bearing. Eudora hanging in there, covering costs and preparing for pdQ environment. ASIC sales high and growing fast with no competition - Motorola having packed it in and Nokia packing a SAD. A near disaster on bidding for Brazilian privatisation [or was it spectrum?] was narrowly escaped, which at least shows luck is holding. Not so lucky on a muck up in Australia which cost some millions I believe. But all in all, no big messes to clean up. Administration, marketing, research and development costs will be stabilizing and reducing as a % of revenue. There is still the same board, management etc, offices have been established some time ago etc, so cost increases are incremental rather than "punctuated equilibrium". Growth from 500 to 10,000 staff was very very fast. Now relatively stable while revenue is rolling in. There is incentive to show steady profit growth, maybe even a bit of eyebrow raising and eye opening to put QUALCOMM on the investment map. Not a silly blowout which might set up unreasonable expectations in future, but just a good jolt to the bearish and naysayers. There has been some stability and ability to control costs now that extremely rapid staff growth has levelled off a bit. QUALCOMM is still not at the "blow their socks off" stage of growth with huge demand like Nokia. Don't make silly comparisons about this Tero - GSM has been around a while and there is a huge demand to feed and Nokia has been excellent. cdmaOne is not yet at that level, so it's early days. Wait a year or two. Be afraid? Are you kidding? GSM is no threat - Nokia is doing extremely well, but all they are doing is swamping L M Ericsson and Motorola - and others in the GSM world. They are not beating the competitive advantage of cdmaOne and cdma2000. Even Nokia admits the future is CDMA. You are flogging that dead horse again! You are in the USA. Leave the horse alone and go enjoy the women mud-wrestling. Anyway, add all that up and consider the high volume on rising price. You will see $80 by 31 October [or end of November if need be]. Profit will be at the top end of expectations. Maybe even just a cent or few above that. I think that puts it at about 71 cents. Then, when Ericy packs up their Texas lawyers and signs a deal at extorqueraniously unfair rates for a QUALCOMM licence for cdma2000, we will have a happy Xmas. Mqurice Okay, Ramsey's place it is Caxton!