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This month's featuring stock from top analysts, money managers, and I is Qualcomm(NASD:qcom). With increasing in demand of cellular service with larger holding capacity with lower cost explains why leading supplier of CDMA(Code Division Multiple Access), most advanced technology out there right now in cellular technology sector. Many companies world-wide pays millions of licensing fees to use Qualcomm's CDMA technology. Such as SK Telecom of Korea and Lucent Tech are paying over million dollars every year as well as companies abroad in China, Russia, India, African countries. | |||||||||||||||||||||||
| Qualcomm. | ||||||||||||||||||||||||
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Qualcomm has been a leading supplier of cellular technology with Viterbi and Jacobson as chief executive officers of the Qualcomm. Recently, Qualcomm proposed to Lucent Tech, the largest supplier of telecommunication equipments in North America, if they would like to buy another license to produce a small chip which Qualcomm holds a patent for. Despite the advanced technologies Lucent developed, the CDMA chip for the cellular phone was beyond their understanding, stated Lucent Tech Research Dept. | |||||||||||||||||||||||
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Even with a depreciated currencies in Asian market, | due to popular demand and increasing marginal profit of their product, we have the target price at $70 by the summer. As of today, 1/13/98, it closed around $48.50. Outlook of Qualcomm is very bright now that all cellular services are becoming digitized. Also with incresing number of service providers such as Air Touch, Sprint, and CellularOne, the price competition has started and only way to survive this war is by changing cellular system to low- costing CDMA.
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