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

To: tero kuittinen who wrote (17550)	11/2/1998 3:18:00 PM
From: straight life	Read Replies (2) \| Respond to of 152472

" I would buy Qcom tomorrow if it spun off the phone division. " Well of course all of us had secretly figured you to be a closet QCOM fan; so just come out and admit it-- once you factor in the point that 1.every time the Koreans sell a phone the QCOM cash register goes ka- ching! 2. And if you need a second reason, QCOM is capacity constrained, selling every phone it can make into an exploding CDMA marketplace but come on; you already know that!

To: tero kuittinen who wrote (17550)	11/2/1998 3:45:00 PM
From: SKIP PAUL	Read Replies (1) \| Respond to of 152472

Tero, I agree with you that QCOM would be a more attractive company if it sold the phone manufacturing and invested the money in more intellectual property. QCOM had to make sure that there was an adequate supply of handsets for CDMA to flourish. Since that is no longer a concern we might see the handset manufacturing sold, perhaps to Nokia or it's partner Sony.

To: tero kuittinen who wrote (17550)	11/2/1998 3:56:00 PM
From: Maurice Winn	Respond to of 152472

Tero, you are confused. You said: "I would buy Qcom tomorrow if it spun off the phone division. But instead they are intending to go to the mat with the Asians. For this they would need a substantial, obvious technological edge in phone specs - the one thing that I've been waiting in vain to materialize." They are not intending to 'go to the mat' with the Asians. They ARE the Asians. To explain, The Q! formed a 51:49 joint venture with Sony, a significant and decades long profitable electronics company. This is what globalisation is about. It is the integration of people, production, political systems and the rest into [to use the current patois] an organic, holistic, entity. Forget about Finns versus the rest. That's passe. They are also 'the Asians' in that they sell ASICs and derive royalties on cdmaOne equipment from what the 'Asians' produce. In short, there aren't any more 'Asians'. Neither are there 'Americans'. Other than in a narrow 'registered citizens' context with some residual misplaced 'patriotic fervour' which is a bit like the playing of football is a residual displacement behaviour of a tribalistic warrior class. This globalisation became obvious in the Zenit/Long Term Capital Management/Alan Green$pan led worldwide financial Mexican Tsunami which we all experienced - which was a LOT of fun! SurferM must have caught the big one because he hasn't been heard from since. Though chuckj made an appearance on his behalf. He might reflect on his bathtub two-sticks theory for cdmaOne and consider it in the context of Green$pan and the Japanese Yen Printers whose two stick action has jumped things around = now THOSE were BIG wave functions! Orthogonal at that! You also said the Asians turn markets to dust. That is a peculiar interpretation of producing huge volumes of high quality, low priced popular products. I like buying Japanese products. I trust them. My Toyota Camry is a pleasure to drive. My Chinese products tend not to be high quality, but they are VERY cheap and perform the function I want. Europeans have lived for centuries in monopolistic, price-gouging, licensed and permit restricted feudal ways. By 'turned to dust' you mean that suppliers couldn't just be fat, lazy, careless and still make big margins. Well, that's how evolution works Tero. Nokia is giving a lot of fat, lazy, careless companies who thought they OWNED customers a lesson in turning markets to dust! Good for them. But watch out Tero. Be very afraid. If as you say, Nokia has been spending all the dosh on GSM development and ignoring cdmaOne, this could be their downfall. I think you are wrong and the Nokia management, who had the forethought to buy a licence when cdmaOne was a glint in The Q!'s eye and needed the money in 1990 and 1991, will also have had the forethought to be in the vanguard of cdmaOne. Sure, they might not have been first to market, but I bet they are able to bring their handset expertise to bear quickly and are in the process of doing so. They just waited until the market developed. No point in leading the cdmaOne market for Nokia if it was likely to fail. That's why QUALCOMM had to produce all aspects and license others. So that confidence in cdmaOne would develop. They had to lead the development - even if they are overtaken eventually in handsets. They can simply collect royalties and go out of the handset business. But with Sony alongside, they have got a pretty powerful and skilled 'Asian' built in. A profitable one at that! Mqurice The Q! $80 not quite met for 31 October it seems, so Tom was right that it was 30 November! Ramsey must have cancelled his vacation because he had shorted the markets expecting his Little Chicken prognostications to make him rich. Now he has had to cover his shorts and can't afford it. Hmmm, sounds too glib. These 'Asians' are more cunning than that. Wonder why he called it off?