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

To: Jeff Vayda who wrote (24444)	3/19/1999 1:48:00 PM
From: Robert	Respond to of 152472

Everen poll suggests Nokia gaining on Ericsson CHICAGO, March 19 (Reuters) - Everen Securities Inc. said Friday that its latest quarterly survey of 175 digital phone retailers suggested that Oy Nokia Ab (NYSE:NOKa - news) of Finland may be gaining on rival Telefon AB L.M. Ericsson of Sweden in the battle for market share in the lucrative digital phone industry. Although a Qualcomm Inc. (Nasdaq:QCOM - news) model was the most recommended phone in the survey, Everen said that Motorola Inc.'s (NYSE:MOT - news) market share may be starting to improve. Everen collected more than 175 recommendations from randomly selected retailers in 25 cities for its quarterly survey, the investment bank said in a research note. ''We were surprised to find that Qualcomm Inc. model QCP2700 was the most recommended phone by retailers for the second quarter in a row, and that the number of retailers recommending the QCP2700 increased,'' Everen said. Everen said Qualcomm may have garnered a higher number of recommendations because of the extensive retail distribution network of wireless service providers Sprint PCS (NYSE:PCS - news) and Primeco, which use Qualcomm phones. ''We would also predict that Ericsson may be continuing to lose market share to Nokia in the first quarter of 1999, and that Motorola's market share may be starting to improve based on an acceleration of recommendations for Motorola's StarTac 6500 CDMA digital handset,'' Everen said. The second through sixth most recommended phones were all made by Nokia. Everen maintained its intermediate- and long-term outperform ratings on Qualcomm. ''We continue to rate Motorola an intermediate-term market performer and a long-term outperform because of our concerns about operating margin expectations being too high and potential negative impact from weak demand at Iridium (World Communications Ltd. (Nasdaq:IRID - news)), however, cellular products revenues may be doing better than expected,'' Everen said. CHICAGO, March 19 (Reuters) - Everen Securities Inc. said Friday that its latest quarterly survey of 175 digital phone retailers suggested that Oy Nokia Ab (NYSE:NOKa - news) of Finland may be gaining on rival Telefon AB L.M. Ericsson of Sweden in the battle for market share in the lucrative digital phone industry. Although a Qualcomm Inc. (Nasdaq:QCOM - news) model was the most recommended phone in the survey, Everen said that Motorola Inc.'s (NYSE:MOT - news) market share may be starting to improve. Everen collected more than 175 recommendations from randomly selected retailers in 25 cities for its quarterly survey, the investment bank said in a research note. ''We were surprised to find that Qualcomm Inc. model QCP2700 was the most recommended phone by retailers for the second quarter in a row, and that the number of retailers recommending the QCP2700 increased,'' Everen said. Everen said Qualcomm may have garnered a higher number of recommendations because of the extensive retail distribution network of wireless service providers Sprint PCS (NYSE:PCS - news) and Primeco, which use Qualcomm phones. ''We would also predict that Ericsson may be continuing to lose market share to Nokia in the first quarter of 1999, and that Motorola's market share may be starting to improve based on an acceleration of recommendations for Motorola's StarTac 6500 CDMA digital handset,'' Everen said. The second through sixth most recommended phones were all made by Nokia. Everen maintained its intermediate- and long-term outperform ratings on Qualcomm. ''We continue to rate Motorola an intermediate-term market performer and a long-term outperform because of our concerns about operating margin expectations being too high and potential negative impact from weak demand at Iridium (World Communications Ltd. (Nasdaq:IRID - news)), however, cellular products revenues may be doing better than expected,'' Everen said. Robert.