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Tuesday, June 03, 2003 10:59:29 PM
Just returned home from the Marriott. Bought TC a drink before I left - he was feeling quite mellow and got very quiet - a change from his boistrous ways earlier in the evening. Good thing his wife gave him a pass - don't know what kind of shape he'll bein tomorrow!!!!!
Bill D got the first discussion session going at 7pm. There were about 20 in attendance. We went around the table, introduced ourselves and stated questions we hoped to get answers to. As we were finishing up, a latecomer came in and sat down. He appeared to be in his late 30s, sharply dressed, professional in manner and seemed different from the rest of us.
When his turn came, he said "My name is Frank Marsala of Halpern Capital". There was a spontaneous outburst of applause as our jaws dropped.
I will summarize some main points and I am sure others will provide their impressions and more detail later.
-When Ericy settled, that's when he decided to initiate coverage.
-the Street doesn't believe(understand) that WCDMA will happen. Signinging of Nok and Sam will be critical in turning this belief around. He beleives (not guarantees)it will happen in the third quarter.
-He talks to a lot of people (including idcc) to get to a good comfort level about the things he talked about.
-He beleives another analyst will initiate coverage shortly.
I was very impressed with his forthright manner, integrity and demeanor - a real straight shooter. TC says: He's got real b__ls to show up not to mention the directness of his conversation.
More tomorrow - gotta run.
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