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

To: Bux who wrote (21902)	1/25/1999 12:36:00 PM
From: Sawtooth	Respond to of 152472

Side Topic Briefing.com on our friend and partner Noka; China deval.: 11:10 ET ****** NOKIA CORP. (NOK/A) 142 7/16 -2 1/8. Wireless phone company has come under some selling pressure today on fears that China may be forced to devalue the yuan. While a devaluation is not certain, with many Chinese business suffering and unable to pay their debt, China may be force to re-stimulate its economy by lowering its currency and becoming more competitive with its Asian neighbors. To be sure, Chinese officials have gotten a boost of confidence from how well investors reacted to the devaluation of the Brazilian real two weeks ago. In addition, officials are quoted in a state-run newspaper that the devaluation of the yuan would not be a bad thing for the country in the long run. Hence, indications are that the Chinese government is looking for a way to revive its economy, which means that Nokia's fast growing market could be hurt by government actions. In the past year, Nokia has been generating about 25% of its total sales from the Asia/Pacific region and since the collapse of many Asian economies, has been leaning more heavily on the rapid growth in China. However, this could all come to an end should China devalue, taking away a prime growth engine from Nokia while the rest of the region has encounter its share of problems . While the timing of any devaluation is likely to be at least one to two quarters away, it seems that there is a good likelihood that China will follow its neighbors. A possible saving grace to this situation could be that a devaluation may not come until after the rest of Asia has begun to recover. If so, the impact on Nokia may not be as bad, assuming China's neighbors can recover before then. Of course, a devaluation by China would put pressure on its neighbors to do the same, creating another negative cycle that could prevent the region from getting back of its feet again. Thus, the outlook has grown a bit more cautious around this stock, although the company is scheduled to report Q4 earnings later this week that should meet or exceed expectations, allowing Nokia to showcase its depth and breadth of products. According to First Call, Nokia is projected to have earned $1.04 vs year-ago profit of $0.66 a share.

To: Bux who wrote (21902)	1/25/1999 2:03:00 PM
From: Wick	Read Replies (1) \| Respond to of 152472

There's a rumor floating around San Diego that QCOM will be laying off 1,500 next month. Anyone heard similar? Would this be viewed as a positive or negative?

To: Bux who wrote (21902)	1/25/1999 2:38:00 PM
From: Jeff Vayda	Read Replies (4) \| Respond to of 152472

Ericy announces surrender!! Got your attention? Interesting read on a paragraph from the company statement: <<President and CEO Sven-Christer Nilsson said, "The advantages of our strategy is obvious. By the year 2000, the natural attrition of our workforce will result in fewer Y2K problems and the problems will be of a more manageable magnitude. In addition to strategic reductions of our workforce, we are implementing a rapid phasing out of the manufacture of products prone to Y2K failures such as digital cellular phones and base-stations. (my bold) This will reduce shareholder liability during the transition to the new millenium. When the dust settles, Ericsson will re-emerge as the worlds leading manufacturer of digital cellular products." >> Let me see if I follow this 'Euro' logic. Y2K will result in accounting problems for us and our employees. In order to reduce potential Y2K problems, we will reduce employees. Our products are prone to Y2K problems so we will rapidly phase out their manufacture. Once the dust settles (in a year!) we will magically start up production again and rule the world! You are right Sven, now it is obvious. And I was worried these guys would give Q a run! Jeff Vayda