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

To: JohnG who wrote (31480)	6/2/1999 8:59:00 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

To all - a little OmniTRACS news. 06/02 07:46 Star Transportation Selects QUALCOMM's OmniTRACS Mobile Information Management System - Star Transportation Converts to OmniTRACS - SAN DIEGO, June 2 /PRNewswire/ -- QUALCOMM Incorporated (Nasdaq: QCOM), a leader in mobile communications for the transportation industry, today announced that Nashville, Tenn.-based Star Transportation Incorporated has replaced its multi-mode, satellite and land based communication system with QUALCOMM's OmniTRACS(R) satellite-based information management system. Star switched to QUALCOMM because of its superior and reliable products that provide cost-effective solutions. Star has already completed the replacement and installation of more than 430 OmniTRACS units. "Mobile communications is an essential tool in our business and we see QUALCOMM as the optimum long-term solution for mobile communications in our industry," stated Ken Stephenson, vice president of equipment for Star Transportation. "QUALCOMM's variety of solutions better supports our role of managing and monitoring our day-to-day operations in order to reduce cost and provide the best possible service to our customers. We know that their strategy mirrors our vision to focus on customer satisfaction by providing new and innovative products. We are excited and eager to implement future QUALCOMM products to further advance our business operations." "Advanced mobile communications has truly become an essential part of the transportation industry," stated George Dunn, vice president of domestic sales for QUALCOMM Wireless Business Solutions. "As the leader in providing advanced mobile communications, we have made the commitment to offer top-notch service and reliable products that continue to raise the standards of the role that technology plays in this industry." With more than 280,000 OmniTRACS units sold worldwide, QUALCOMM Wireless Business Solutions is the leading provider of mobile communications and information management systems to the transportation industry. QUALCOMM currently has systems operating in the United States, Canada, Europe, Russia, Middle East, Mexico, Brazil, Japan, Korea and Malaysia. QUALCOMM's OmniTRACS System is a satellite-based mobile communications and tracking system that provides real-time messaging and position reporting between fleets and their operations centers. Messages are sent, via satellite, through QUALCOMM's Network Management Center to dispatch centers throughout the United States. The OmniTRACS system is an interactive, fully integrated information management system that includes two-way mobile communications, satellite tracking and fleet management software. The OmniTRACS system operates 24 hours a day, seven days a week with no gaps in coverage. COPYRIGHT © 1999 REUTERS LIMITED. ALL RIGHTS RESERVED.

To: JohnG who wrote (31480)	6/2/1999 10:22:00 AM
From: quidditch	Respond to of 152472

Royalties only vs. multiple sources of net income. Isn't the Q royalty stream comparable to some kind of magic CD for which the principle magically gets bigger and bigger--thus giving the Q wads of cash to dispose of as long as the patents hold up. JohnG: I agree with the thrust of most of your post, and I think that it is a particularly important issue in just this juncture of Q!'s history. But "wads of cash" might overstate the case a tad. If you annualize the $77 million (I think that was the Q-2 number), you get $308 million, add a perhaps generous 20% growth factor and you get something on the order of $350-$375 million over the next four quarters, on rough estimates and assuming lots of other conditions. Not chicken feed, by any means. But nowhere close to the kind of R&D clout of an INTC or MSFT. Thus, I come back to what I think is your central premise. What does Q! do, not so much with its royalty stream, but with its key positioning in the technological/IPR landscape, so as to become more INTC/MSFT like in controlling the development of technologies surrounding CDMA and mobile net/working communications, to leverage its position to high and growing gross and net margins? So far we have evidence that NOK, MOT (without Q! ASICs )maybe Samsung and others will be tough competitors in handsets. A given. We also know that those manuf' and others are trying, with Psion, to dictate the future OS for wireless digital applications/communications. DaveMG and others have posted concerns re. TXN and the possibility of increasingly overlapping/competitive functions from DSPs. This is THE area of focus for the high tech gorillas, kings, princes, serfs, pigs, dogs. All this it to say your query is well received. Regards. Steven