ET, I worked at QCOM for years. I once had tens of thousands of QCOM shares and at that time I cared about the stock. Also at that time it was always a topic of discussion when Nok was having problems with their CDMA development. Nok was at QCOM on multiple occasions discussing using QCOM chips, buying the old handset division, it was always known they were struggling with CDMA development. Now, I don't own QCOM, it will be a $20 stock or lower soon. I sold at $130 or so average. I don't follow Nok's problems on a regular basis anymore because I don't care about its affect on QCOM's share price.. I read all the articles and learn about things like Nok's misinterpretation of the standard, their SMS issues, Verizon's recalls, and occassionally in my dealings with CDG labs and carriers, I'll hear about problems with various handset makers including Nok. It was a big deal when Nok finally got a phone accepted with Verizon a year and a half or so ago, and then shortly after Verizon announced the SMS issue and the recall. I wasn't aware they had a phone for sale at Verizon because it's not available where I'm at. Beyond that, I don't feel the need to research where the phone is available.
Your original post claimed Nok bought QCOM chips through Telson because of the frequency differences in Korea, I stated this was not the case as it is not. You claimed their are tons of GPRS phones available because you see them on Nok's website. I pointed out that just because they're on Nok's website doesn't mean they've been accepted by carriers. There have been many problems getting GPRS phones on the market, ask Eric about this. I see a few are now available at ATT. I don't see over 10 like you claim are on the market.
My experience in this area seems far more vast than yours, especially when you're posting to people on message boards as if you know the facts, that Nok used QCOM chips in Korea because of the frequency differences.
You're awfully cocky for someone who really doesn't know much about these topics and who gets his information only from a message board. Like I said, just from reading press released the past couple of years I knew more about Nok's issues. Bottom line is, investing in these co's is not wise at the moment, they're going lower. The Euro telco's debt problems are going to kill them, and vendor financing will not help the situation. QCOM is the one company that's maintained decent earnings through the recession and they're best positioned to benefit from wireless growth in the future. I still wouldn't buy the stock, it'll be in the teens within a year.
AI
