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To: Ramsey Su who wrote (10836)5/22/1998 10:42:00 PM
From: brian h
   of 152361
 
OTOTOT*******

All,

This is my thought about sat. technology transfer. Look at it this way. If this transfer do not happen, that I will really be scared as an American. Because I relly do not know where to hide from these missiles attacks. They said these missles aimed at 13 US cities. With the accuracy of the Chinese missiles, where do you think they will fall upon sacred-to-death Americans?

With the sat. technology transfer, LOR and your damned President may very well keep a secret key to reverse engineerd whatever The Chinese missiles can do. May be US can shoot them down in the mid range!

Now, our smart Congress enacted the laws to prevent sat. technology transfer. Methink that will really help the French, the British, the Germans sell its sat. technology to China. That will really help us US rocket scientists to figure out how to solve the encrytion technology that those other countries provide to China.

Boy! I really worry about this scene ever happen!! Do you not!

What do you think?

Brian H.

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To: brian h who wrote (10839)5/23/1998 2:04:00 AM
From: brian h
   of 152361
 
All,

Lehman Brother's report about Mexico auction,

lehman.com

Brian H.

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To: Joe NYC who wrote (10794)5/23/1998 2:50:00 AM
From: engineer
   of 152361
 
OT***But going to Cabo San Lucas is a great way to research a market.....Outstanding golf there, but not good phones.

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To: engineer who wrote (10841)5/23/1998 9:10:00 AM
From: Ron M
   of 152361
 
From the San Diego Union-Tribune

Uniden closing Sorrento Mesa Operation---Qualcomm eyeing it

Uniden to close facility here,
lay off 200 workers

Says crisis in Asia is partially to blame



By Deborah Solomon
STAFF WRITER

May 23, 1998


Uniden of Japan is closing its research and development
facility in San Diego and laying off 200 employees less than a
year after it announced a $50 million expansion in Sorrento
Mesa.

The company, which makes wireless communication products
such as cellular phones, told employees yesterday that it would
close July 31. San Diego research will be folded into the
company's operations in Dallas, Hawaii and Tokyo, a
company spokesman said.

The closing comes just two weeks after Uniden announced a
layoff of 30 engineers, which it blamed on the financial crisis in
Asia. A spokesman said Asian woes are also partly to blame
for the closure.

"Anybody who's in the high-tech business right now is feeling
the force of the Asian crisis," said John Harris, vice president
of marketing for Uniden America Co. in Dallas. Uniden, best
known for its cordless phones, manufactures its products in
South Korea.

However, the company has not been severely hurt by Asia's
troubles and is expecting strong sales this year. Uniden, which
is traded publicly in Japan, reported record sales topping $1
billion in 1997.

Brian Modoff, an analyst with BT Alex Brown, said the Asian
problems have not prompted many layoffs at companies in the
United States. He said Uniden may be motivated more by the
abundance of engineers in Dallas and the lower cost of doing
business there.

Harris said the closing was a "streamlining" move meant to
boost efficiency at the company.

"This is not a reflection on Uniden as a whole. It's just one
small operating entity and it just made sense from a financial
standpoint to cease operations," Harris said.

Employees and others familiar with the company said previous
corporate decisions precipitated the closing. Earlier this year,
the San Diego facility fought to keep Uniden's marketing
operations here, but lost out to Dallas.

In the wireless industry, physically separating marketing from
engineering is undesirable because it makes it harder for
marketers to know the product and pitch it to consumers. By
moving San Diego's engineering unit to Dallas, the company
will unite marketing and engineering.

Uniden's departure will leave an unoccupied 10-story,
270,000-square-foot building in Sorrento Mesa. The company
announced the building as part of a $50 million expansion last
May and said it planned to hire an additional 800 employees.

Harris said the company will lease or sell the building, which
should be completed in September. Sources in the wireless
industry say Qualcomm may be eyeing the building for its own
use. The tower is next to Qualcomm's facility, and the two
companies already have a relationship.


On Thursday, Qualcomm announced it had licensed its
CDMA wireless technology to Uniden in a multimillion-dollar
contract. Qualcomm said the contract is not affected by the
closure.

What will be affected are the 200 employees who have worked
for Uniden since it opened its offices two years ago.

Employees met with outplacement firms yesterday and will
continue to meet with them next week, Harris said. Some had
already lined up interviews with Qualcomm and other wireless
firms.

Finding an engineering job in San Diego should not be too
difficult, said Erik Bruvold, executive director of the San
Diego Council of the American Electronics Association.

"The market is still strong," said Bruvold. "We're starting to
see some blips which say that it may have softened from
where it was six months ago, but I think those people with
technical skills will be able to find positions."

There are 605 technical jobs open in San Diego, according to
UCSD Connect, a nonprofit organization that assists San
Diego's high-tech businesses.

Bruvold said Uniden's closure is upsetting, but should not
cause a panic in San Diego.

"It's disappointing that Uniden made that decision, but I think
that it in the end will be a small bump on the road and does not
foretell more layoffs for San Diego," Bruvold said.



Copyright 1998 Union-Tribune Publishing Co.

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To: bananawind who wrote (10819)5/23/1998 9:44:00 AM
From: Webster
   of 152361
 
Jim, 21.6 Mill net new Adds by 3/31/99 Thanks.
Web.

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To: Webster who wrote (10843)5/23/1998 11:42:00 AM
From: straight life
   of 152361
 
This appeared on the Yahoo QCOM BB; I think it's of interest. Responses?

Message 4911 of 4934

Reply Regarding managementMalcolm_Dent

(29/M/Washington, DC) May 22 19989:57AM EDT

I know this statement will stir up lots of controversy and many here will disagree, but to many wireless suppliers and Wall Streeters, Qualcomm's management team is not highly regarded. More, management is perceived to be very arrogant. This isn't a concern that should immediately be disregarded or put down. This is concern that should be put to debate.

Why do I say this? Because not only have I experienced Qualcomm arrogance on my own part, but because many of my colleagues share the same view. I work in the building across from the Cellular Telecommunications Industry Association (CTIA) here in DC. My fiance worked for the communications & convention department and we still have good friends there. Their relationship with Qualcomm, should I say, has been less than cordial.

Institutions and investment bankers want to see consistency. A smoothly run operation is highly regarded as a demonstration of management's mastering of the ebbs and flows of production and supply and demand. When operations are not run smoothly, bankers see heightened risk, whether it be management's doing or because it is just business-specific. The greater the perceived risk, the more costly it becomes for a concern to obtain needed capital. Qualcomm, since inception, has not delivered any consistent results. Just when something goes right and everything looks to be on track, some slip up occurs. And more often than not, the slip ups are not communicated well with the Street, which only exacerbates the problem.

Some in this forum have said that several of the Wall Street analysts that have little regard for QC have little knowledge on the company. To me, that's not the analysts' fault, it's the company's. The company needs to constantly communicate with the analysts to make sure that each analyst understands the company correctly and that its message is getting to the investment community. The company's mentality toward the Street should be "what can I do for you." Instead, QCOM approaches the Street with "what can you do for me" mentality.

So you say so what? So what if some Streeters are ponzies and who cares if they don't understand let alone like the company? The bottom line is that is costs QCOM more in the end than is tangible now. Here's why. Say Qualcomm rounds up a bunch of private investors for a round of debt financing. Say they got Ford Pension, Wisconsin State Education, Bank of New York, etc. Qualcomm gets its prospectus drawn up from its investment banker, filed it with the SEC and has sent to the private guys. The Ford pension guys will do their homework. But they will also want a second opinion from the Street. So they call the very same analysts that have little regard for Qualcomm. They call up Merrill who has said the he wouldn't be suprised if QC was out of the handset business within two years. Then Ford calls Alex. Brown and they say that the company can't seem to get any consistency in their profits and margins. Ford makes their assessment and goes back to QCOM that they would be willing to loan then funds for 8 3/4% rather than the initial 8 1/2%. Then Ford asks for provisions such as call protection and other coventents that hold QCOM to certain operating procedures. In effect, the cost of capital has become more expensive for Qualcomm...and to equity investors since, in this example, means higher interest expense.

Bringing the argument full circle. Enter Nortel. Here's a company that is highly regarded on the Street and has a good management team with already established relations with many of the world-class carriers. Although this scenario can also happen to NT, it is less likely. And if NT bought QC, it could lower the Qualcomm's cost of capital.

FOOD FOR THOUGHT.

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To: limtex who wrote (10821)5/23/1998 3:40:00 PM
From: bdog
   of 152361
 
Notwithstanding Gregg Power's cogently optimistic view respecting the Japanese economy's ultimate resilience, what would be the short to long-term impact of continuing and increasingly severe deflation in SEA, including the dreaded meltdown of Japan? The impact on QCOM particularly! Pretty terrible, methinks. Thinking about selling some stock. Even in the absence of worsening "flu" symptoms, next quarter's results are likely to be flat do we not think? Seems like a dangerous time to be heavily concentrated. Comments appreciated.

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To: bdog who wrote (10845)5/23/1998 8:33:00 PM
From: JMD
   of 152361
 
bdog, it's a good time to sell stock primarily because Ramsey went on vaction--all that Japanese meltdown stuff is just far too sophisticated. OTOH .. . .
Wall Street Week last night had the fixed income guy from Loomis on. As you might suspect of a lifelong bond trader/investor working for one of the Street's oldest names, he was not exactly a gun slinger. Very conservative dude, quite intelligent and well spoken. This guy is predicting long term bond rates of 5% and has moved big Loomis mutual fund dollars from the equity to the debt side to play the scenario.
When asked if 5% money wouldn't be incredibly bullish for the stock market, he said absolutely. But, he felt the risk/reward ratio favored bonds since stocks were high, and the Asian 'thing' was a tad troubling just now. Then the bomb. Japan holds 40% of Indonesia's debt--yikes!
For the life of me I cannot see how Asia could have any kind of a soft landing. There are simply too many major negatives. I agree with Gregg (and of course others)that the education/work ethic/ business culture of these incredible folks will ultimately prevail, but damn is there going to be hell to pay before the dust settles. The depth of the crappola may be perhaps nowhere better seen than by Suharto's departure. How bad must it be for that guy to take a powder at a total cost of a "mere" 500 or so fatalities? For historical perspective, consider that when he came to power some 32/33 years ago, estimated fatalities to the ethnic Chinese population alone were in the 500,000 range. Methinks this means deep cah-cah for sure.
On a lighter note, could Mexico have come along at a better time? Are we fortunate as all get out that Europe's economies are picking up steam, ditto most of Latin America?
Finally, nice to visit here again with such nice folks. You guys want ugly? Check out the LOR thread on Motley. Yecch! Surfer Mike

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To: JMD who wrote (10846)5/24/1998 12:04:00 AM
From: Maurice Winn
   of 152361
 
Mike, Uniden pulls back, conveniently right next to Qualcomm. Qualcomm buys in. Everyone rehired. Life rolls on just as before. Samsung sells out. GEC or somebody buys in. The Fed can print a LOT of dollars and lots of USA companies have a low debt ratio. They can buy a LOT of Korean and Japanese shares at the right price. And have been doing so lately. Indonesia changes chief monkey? India has a nuke? No worries. Small bananas.

Look at the good old days.
Stalin rolls tanks into Europe. Oil hits $40 per barrel. Communists take over in China. 20 million dead in China. Same in USSR. Same in Western Europe. Untold famines in Africa. Huge debts in USA lead to 1929. Big trade barriers. War in Israel. War in Vietnam. War in Korea. Japan recovering from WWII disaster for decades. Throw in some polio epidemics, influenza out-breaks, smallpox, etc. Cross border business very hard to transact. No lingua franca. No Web. No CNN. Life expectancy nearer 50 than 100. Even in USA!

No worries! Let's not grizzle that the Cadillac got a flat tyre.

Okay now? C'mon, chin up, smile. Get ready for cdmaOne to roll in Japan.

Mqurice
New Paradigm Rulz are just lovely.

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To: Maurice Winn who wrote (10847)5/24/1998 12:57:00 AM
From: Joe NYC
   of 152361
 
Maurice,

fcc.gov

This company is trying to place 250 giant weather balloons in stratosphere and provide various wireless services.

Not a bad idea. I hope (this thing ever takes off) they will be using CDMA.

Joe

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