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Hi Bill,

Agree fully with you QCOM is overpriced. But I miss one detail which I belive is the most important one.
If you think that QCOm will receive 4.5 % of all of the predicated 85 % CDMA ( WCDMA, CDMA, CDMA2000 ) phones in the future you are totally wrong.

The majority of these terminals will be based on WCDMA
( 85 % ) and here QCOM has no more patent than Ericsson and Nokia !!

QCOM might have patent for soft handover in IS-95 but they for sure don't have it in WCDMA. No way !!

So if I would by a company for collecting patant I would buy Ericsson and Nokia and as a hell of a large bonus I would receive the largest Infrastructure and Phone supplier in the world.

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