Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.07

-1.0%

Nov 18 3:59 PM EST

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To: Webster who wrote (32392)	6/15/1999 9:28:00 PM
From: JohnG	Read Replies (1) of 152472

$101 or $113--neither will hold this wk. Its a relatively thin auction market. A few large purchases late in the day easily push the price up 5 points in 30 min. Slow vol on Fri afternoon easily drops the price 5 points in 30 min. Neither price lasted or will last thru the next day. There is a lot of speculation and a few of us who think we really know where Q is headed. However the bottom line is the earnings. If they come out at $0.70 to $0.80 B4 charges, then the stock price will seek a relatively permanent higher level. If Q demonstrates this contunued earnings performance a few quarters and people actually see thin phones and pdq phones in the hands of their friends, THEN we'll see some REAL price appreciation.

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