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Technology Stocks : Qualcomm - Titanic of the wireless industry?
QCOM 172.230.0%9:30 AM EST

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From: veritas5014/23/2010 7:08:03 AM
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What company should people look to for an indication of QCOM's future? Ericsson, of course, since it is one of the largest CDMA infrastructure companies in the world. No doubt Ericsson is working hard to wind down its CDMA business without being too obvious about it. What does Ericsson say?

"Revenue dropped 9 percent to 45.1 billion kronor missing the 48.1 billion-kronor average estimate of 35 analysts....Profit in the networks business fell by half and sales declined in 8 of 10 regions, with the biggest drops in Africa and India. North American revenues doubled with the integration of assets from Nortel and accounted for more than a fifth of Ericsson’s business in the period."

Remember Nortel? I knew people would.

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