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Mindy

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Mindy

Re: None

Tuesday, 03/23/2004 6:47:42 AM

Tuesday, March 23, 2004 6:47:42 AM

Post# of 24711
Qualcomm (QCOM ): Maintains 5 STARS (buy)
Analyst: Kenneth Leon, CPA

http://yahoo.businessweek.com/investor/content/mar2004/pi20040322_7728_pi010.htm

Qualcomm announced Monday a global license agreement with UTStarcom, a global leader in Internet Protocol access technologies with a major presence in Asia. UTStarcom will pay royalties on wireless equipment that uses CDMA2000, WCDMA, or TD-SCDMA systems. S&P takes note of TD-SCDMA, in particular, since Qualcomm is in discussions with China's domestic suppliers on its legal claim to receive royalties when TD-SCDMA becomes commercial in 2005 or 2006. Last week at an analyst meeting, Qualcomm said it was confident that its patents cover TD-SCMDA. S&P's 12-month target price remains $80
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