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From PaineWebber report>
We believe the catalyst to incite Nokia and Motorola to use
Qualcomm chips will be the rollout of 2.5G (1XRTT)
wireless data services over the next year. Sprint PCS
(PCS-$104.38), a stock we cover, has told us they want all
new phones sold to have the latest wireless data
technology, even if that customer does not activate those
services when buying the phone. Sprint PCS, practicing
what they preach, recently lowered its order of Nokia
phones because of Nokia's inability to deliver a working
web-browser. Rather than develop their own 2.5G capable
chips and risk being late to market again, we believe
Motorola, Nokia and Ericsson will buy Qualcomm chips.<i/>

The same analyst who upgraded QCOM to $1000 also stated that CDMA will comprise 85% of the worlds standard from the present 12%. This was one of the reasons for his price target.

I guess there is just a simple difference of opinions. By the looks of the tape I can see what Mr. Market thinks.


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