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

To: Sawtooth who wrote (27150)	4/15/1999 1:38:00 PM
From: limtex	Respond to of 152472

Tim A - Oh yes. I haven't forgotten. This thread is very good. I was only kidding with Gregg and thread. Actually I posted earlier today that I would lay money on the Q team having got what they wanted and more in the settlement and it looks very much to me, now that I've seen Gregg's posts that it was a fantastic deal for the Q. This business of selling the infrastructure business at what looks like a cheap price is probably a piece of window dressing good for the Q statements and good for ERICY who will be seen to have done well by their own audience. It loooked odd to me that the Q got so little. This team is very, very good and so the sale price sttod out like a sore thumb except probably to ERICY viewers who will see it as a huge win and thats how their press statement comes over. Anyway I now like ERICY and hope they sell loads of CDMA systems. In fact I hope they become super stars because of it. They are our friends now and we should be nice to them. Gregg says he's working on the valuation. This number is going to be a big number and it could well be a four digit number before the decimal place. Best regards, L

To: Sawtooth who wrote (27150)	4/15/1999 1:50:00 PM
From: Gregg Powers	Respond to of 152472

Guys: I'd be lying if I said that I didn't enjoy watching the stock go up, not to mention the newfound love and affection from clients who suddenly upped their estimation of my IQ by about fifty points. On the other hand, you hopefully didn't buy the stock for its appreciation over the next fifteen minutes. Let's face it, the stock was grotesquely undervalued before because, by and large, nobody understood the business, few were confident in the IPR position, and most believed that ERICY management was telling something near the truth regarding their company's need for QC IPR. What has changed? Well, the Evil Empire blinked. Heck, I know we are supposed to be best buddies and all, but when I was in New York for the great unveiling and saw Irwin standing next to Sven...and I thought back over all the lies, deceptions, innuendo and Cabism's etc...well, let me put it this way...Irwin is a far bigger man than I 'cause I wanted to punch that Swedish so-and-so in the nose. But business is business. Qualcomm is now in the catbird seat. My previous allusion to Microsoft and Intel was not hyperbole. Microsoft 'extracts' its royalty from the PC industry every time a Windows-based computer gets sold. Qualcomm will receive a similar royalty anytime CDMA subscriber or infrastructure equipment is sold worldwide. On the other hand, Intel sells the brain, i.e. the Pentium, that drives most IBM-compatible personal computers. Qualcomm's ASIC division is similarly situated. These are long-duration, powerful franchises. Within this context, the biggest challenge facing 'real' Qualcomm investors, i.e. those NOT interested in the next fifteen minutes of appreciation, is setting an appropriate timeline and not getting caught up in the day-to-day, week-to-week price swings. All the best, Gregg