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Qualcomm Inc. Chief Executive Paul Jacobs said on Monday he believes it makes sense for Apple Computer Inc. to develop a wireless version of its popular iPod music player as cellphones are beginning to compete with portable music players.

"It makes sense to me that they would see the phone as potential competition ... To me having the wide area (wireless) connection is really a cool thing," Jacobs said in New York at the Reuters Global Technology, Media and Telecoms Summit.