Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Judy who wrote (22154)	1/29/1999 9:59:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

Hi Stock Guru! Leap Wireless International [LWIN] is simply a cdmaOne wireless provider aiming at worldwide opportunities from New Zealand to Russia, Chile, Mexico and USA. They spun off from Q! with $100m in assets or something which amounted to about $12 a share [something like that anyway]. Depending how you value the assets and risks. NextWave Telecom was an earlier creation of Qualcomm which is in bankruptcy and due to have their licences reauctioned along with other C-block spectrum. I'm sure Leap will be in like a hungry dog, hoping to pick up the same licences for 10% of the previous bids [maybe quarter]. Vodafone looks like a monster to me so I don't know how Leap will get on. Qualcomm's cdmaOne and cdma2000 can be scaled up from a single location in a building with a little base station to a global network. Network strengths are going to be important but fractalized systems is the way I think it will go with communities of interest, marketing, being more important than economies of scale. The military is unlikely to use Vodafone for example. A university or hospital might have their own base stations and network with their subscribers using Vodafone on a roaming basis. So "big" will be powerful, but Leap, with the right marketing, should find plenty of opportunity scuttling between the behemoths. I have no idea how well they will succeed. They are in the midst of a huge technological, competitive, economic and political hurricane with anything possible. Maybe they'll keep their sails reefed just right and pick their way beautifully through it all. NextWave didn't and cost Qualcomm shareholders some serious money. I'm an incidental holder only from the spinoff - too risky to me and I have no way of knowing whether they'll succeed. I've got more confidence in Qualcomm and Globalstar. But I'm not selling them cheaply unless I see a reason to. Under $10 is cheaply. I'd definitely sell at $20! Qualcomm hopes to sell a heap of equipment to Leap. That's as seen from here today! Mqurice