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

To: straight life who wrote (21640)	1/20/1999 11:30:00 AM
From: bananawind	Read Replies (3) \| Respond to of 152472

Well, I thought no one read them, but since you ask.... Jan 1999 QCOM CC Notes Irwin J - new models to be intro in the first half. will have even more efficient cost/manuf process WK - air interface independent, but he is confident that WK will showcase cdma's advantages Infrastructure - has been strategic but losses from large marketing and RD costs with lower orders partly due to probs in russia, ukraine, asia. Will reduce costs to lower the break even level. look at strategic relationships [ala Nortel] Brazil - the new Brazil license is for WLL covering 90 Mil pops. The consortium (of which Q is member) will spend $1 Bil on infrastruct over a three yr period. Q will get a [proportionate?] share of this. Japan- 370K subs at YE. IDO launch in spring China- optimistic that reorg of MII and of China Telcom will lead to a "near term opportunity" 3G- Q is ready with 1.25 and 5.0 channel width versions NTT and GSM ops looking for convergence support for 4.096 Mcp rate declining US Gov is involved Richard Sulpizio--- Phone margins exceeded 20% for the first time this qtr Will transition manuf lines to new ph prods this spring Shipped 1.6 MM phones this Q Seriously considering incr manuf capacity later this year Building 25K/month dual mode Q's in Brazil ASICS- shipped 5mil in the Qtr already have 20 customers for the MSM3000 chip Wireless Systems- 50M contract w/USWest for Q-cell base stations important showcase for thsi prod Omnitracs- 269000 units deployed Thornley covered financials Q&A Luke/lehman--new models? Will show at CTIA show [feb 10ish?] very excited. Gross margin guide? focused on improv in all bus. partic infrastruct - possibly stateg relationshps, poss in other regions of wrld Nations BNk --- L&Royalty include much lic? No, very little CABI [phone moderator nice enough to very badly mispronounce his name] Made statement about Q previously changing Royalty to accrual basis in order to increase predictability. Has Q found that to be case, increased predictability of L&R? Answ- 1st corrected him. Q went to accrual because the visibility was there on royalties where it hadn't been previously. As for predictability we expect royalties to track w. growth of cdma. Raj -- vendor financing incr? Will have from Pegaso startup. Softlauch in TJ almost immediately ABN/AMBRO -- Brazil 1 bil WLL? Contract will be finalized this Qtr with shipments in June timeframe. mix of QCP/Q production? 90%QCP/10%Q and expect this mix will continue Trimode cdma/GSM phone? have looked at possibilities and will continue evaluate. Technicllly feasible. IPR issues [w/GSM part] ML/Chaing--- source of margin improvement? manuf efficiencies and supplier management [squeeze?] Did ASIC rev incr sequentially? higher units, lower prices, rev same sequentially Globalstar devel contract will continue through commercial start and likely beyond Vodaphone relationship? have in past w/ Gstar and GSM overlay. Now w Airtouch, expect even more in future One final note from me. Can't find the reference but there was a definite hint that they may have lowballed the royalty accrual for the quarter, with some reference to "depending on strong christmas seasonal sales and the level of the Won" I got the impression they had purposely held the number down - just my impression and ultimately not a big deal. Thats all folks. Jim