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

To: Ramsey Su who wrote (25151)	3/26/1999 8:45:00 AM
From: Jeff Vayda	Read Replies (1) \| Respond to of 152472

Ramsey Su; I second your comments - No more posts on articles about the agreement. Lets get on with the job of figuring this deal out. Street obviously likes it. We like the stock rise. Time to get ahead of the bow wave and work on the details. Money from infrastructure goes to current Qualcom deals (Chilie, Russian, Brazil, more Globalstar stations and digital cinema?) and to future deals (China and Lwin support and 3/4G R&D?) Plenty of uses for some cash, but where to put it to best use? They may have sold the infrastructure R&D but they only sold the infrastructure R&D - which I would say was a small part of the Q's overall R&D efforts.(Didnt the earlier accounts on the reductions at infrastructure mention something about realignment of people/departments - thereby moving some brain power out of the infrastructure house into other locations?) CDMA is at a inflection point. A small investment now might cascade into huge advantages later. I can foresee some significant and rapid increases in returns. From kick starting China with manufacturing plants (both infrastructure from Eric and phones by way of the Q) to helping AT&T retool or even dropping another phone plant in Brazil. Nice to have some negative uncertainty removed. Much more fun to work on the positive side of things. Jeff Vayda

To: Ramsey Su who wrote (25151)	3/26/1999 9:17:00 AM
From: Valueman	Read Replies (1) \| Respond to of 152472

Ramsey: I suspect they are going to having capacity and backlog problems going forward. Perhaps this is true in handsets, but part of being a fabulous fabless chip maker is that your capacity lies in the hands of Intel, IBM, etc. No capacity constraints in ASICs. Handset capacity will go up to 10 million this year. I would expect them to be sold out. If China kicks in with another 10 million subs next year, they'll add more "south of the border" contract capacity and feed the demand.

To: Ramsey Su who wrote (25151)	3/26/1999 9:27:00 AM
From: Clarksterh	Read Replies (2) \| Respond to of 152472

Ramsey - Why don't we all work on some numbers, instead of quoting and requoting who said what. As the chief trouble maker<g>, I agree not to bring up any more quotes, but it is going to be very hard to come up with earnings models since we know very little about what actually happened. What is the royalty rate? Given that our patent position was apparently not as strong as we thought (we gave up the IPR without any but one of the original requirements), what percentage of W-CDMA royalties do we get (even if we don't know the absolute amount)? What is the strategy behind infrastructure financing especially given that we do not make infrastructure (do we get equity in something?)? Given that W-CDMA is not going away, what is Qualcomm's plan to be involved in W-CDMA? Are they going to be heavily involved in the trials so they have a leg up on producing ASIC's for the W-CDMA mode of 3g? Given that many of the bidders for 3g spectrum in Europe have stated their intent to go with the W-CDMA mode of 3g, when do you expect the first volume shipments of equipment to Europe? How much cash are we getting for the infrastructure division? Are there any performance clauses that go with the sale of the infras division? Just a short list. Clark PS In regard to capacity problems, I agree Qualcomm will almost certainly have problems in this regard what with China, Japan, Mexico, ... . But I don't see how this deal adds to capacity problems anytime soon (i.e. the next two years).