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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.90-1.3%Nov 7 9:30 AM EST

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To: Craig Schilling who started this subject12/26/2000 1:04:00 PM
From: foundation   of 152472
 
from 10 Questions With Gabelli Growth's Howard Ward

Ward: I do, and I would say that one of the mistakes
that people make is we'll make a call on the market,
and embedded in that call is the assumption is that our
stocks either bottom or peak at the same time, and
they don't.

And so you will have some stocks which I firmly believe
have already bottomed and are well on their way to
recovery, that are never going to go back to the lows
that they reached earlier this year. Within technology,
some names that I would point out: Qualcomm
(QCOM:Nasdaq - news), which was available at $50 a
share and it's now $85. Of course, it started the year at
$200, but I don't think it's going to go from $85 back to
$50.


Texas Instruments (TXN:NYSE - news) was $35 when
it was downgraded by a lot of Wall Street people a
month or two ago. It's $49 today. I really don't think it's
going to go back to $35. Analog Devices (ADI:NYSE -
news) was $40 or $38 not that long ago. I don't think it's
going to go back to the low.

thestreet.com
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