Qualcomm Inc (QCOM)

[ihavenoidea]

Jim:

Being in Detroit, its taken all weekend just to read messages. Anyway, excellent summary, would you clarify the following comment by Keitel:

"QSI commitments at approximately $600M, will shrink to less than ½ due to Ericsson commitment which will expire in November 03."

Does that mean we've had to fund (is that loans or cold cash) Ericsson to the tune of $300M a quarter for the handset/infrastructure spin off? For how long did we do that? Do we get paid back?

Boy, Q is a cash machine going forward, and I happen to agree w/your assessment - i'd rather be a new entrant into the GSM market than an new entrant in the CDMA market. For once i'd have to agree with those nokies from the okies, i.e. cdma is just a niche market - that is, when your a new entre'. When your a new entre' into the gsm market, it sure ain't niche. thank you very much.