Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who started this subject	3/11/2003 4:08:24 PM
From: verdad	of 122087

Overvalued stocks: Here is a company whose stock actually climbed 2600% in a single year to over $800 a share, but has since slid to as low as $22 (split adjusted $88). The hype was high speed wireless Internet access which was even touted by Bill Clinton (the CEO of QCOM had a relationship with the former President). Now investors are left scratching their heads and hoping China and India will provide the necessary impetus for the stock. Probably won't find it, because the stock price was fiction. Meanwhile many financial institutions, telecom industry players and investors are left holding the bag. Yeah, high speed Internet access may eventually appear, but at a cost that has arguably helped put the economy in the grave. It might be prudent to tell prospective investors to put their money elsewhere--everyone that needs a cellphone might have one, thanks. See the following links, etc: Analyst Whores; QUALCOMM Soars slate.msn.com "Clinton stood and maneuvered the mouse while Jacobs showed how slow the wired connection was when compared to the wireless one. It took minutes as opposed to seconds." cnn.com QUALCOMM's Globalstar Headache fool.com Class action lawsuits against QCOM, its subsidiaries or partners (pending or settled): Leap Wireless International (formerly part of QUALCOMM's infrastructure division, but now bankrupt) Message 18392740 Message 18382956 Globalstar, L.P. (8 newsreleases)--company that QUALCOMM's Globalstar Division supplied, but is now bankrupt: primezone.com QUALCOMM, Incorporated bigclassaction.com. a-k.com insurancejournal.com. a-k.com A class action lawsuit has been filed on behalf of all customers of USB Paine Webber, Inc. who purchased shares of Qualcomm, Inc. during the class period Dec-29-99 through Jan-17-02. The complaint alleges that the defendant issued a series of materially false statements and misleading reporting concerning the stock of Qualcomm, Inc. Plaintiff alleges that defendant deliberately made unsubstantiated positive recommendations of Qualcomm stock in order to attract investment banking and retail customer business. Furthermore, defendant failed to disclose the true motivation for its recommendations to its customers who relied on PaineWebber for investment advice.

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