CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST! Message Board

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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!

QCOM 179.30

-0.9%

9:30 AM EST

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To: Elroy Jetson who wrote (1702)	9/7/1999 7:06:00 PM
From: Lance Bredvold	of 1819

Last post the day after announcement of Ericsson's purchase of the infrastructure division. Is that right? March 25 I think, but I quickly forget, and so was reviewing the sequence of events on this old thread. It's been such a busy summer that no one has bothered to come back here. Today the Q price is $332 (without adjustment, since this is the price relative to the $30 and $60 mentioned in previous posts). Now 40mm subscribers worldwide. Some question about an announcement that CDMA infrastructure contracts are down or at least not growing as fast as they have been. Probably nothing to worry about, but always something to fear. And one must wonder if QCOM is getting close to fully valued in the "markets" estimation. Indicated earnings rate should be .86 or more per quarter and management seems to have felt it important to indicate that enthusiasm may be overdone by some mo mo investors. L.

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