Jacobs comments on I*/G*
Talk : Communications : Qualcomm - Coming Into Buy Range
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To: marginmike (32837 )
From: Mark Trimarchi
Tuesday, Jun 22 1999 12:15AM ET
Reply # of 32860
I don't believe these two items have been posted yet:
QCOM was downgraded today by A.G. Edwards from "Accumulate" to "Maintain".
$130 must have been their target price. Don't know if it came out before or after the
market closed, no details given: biz.yahoo.com
Briefing.com may have details, but I don't have a subscription.
Also, Irwin Jacobs was interviewed very briefly on Nightly Business Report this
evening, during a segment about Iridium's problems. The reporter said that Iridium's
woes are making investors more cautious about the prospects for Globalstar, which has
plans to offer a similar service by the end of this year.
Dr. J. was asked how Iridium's problems and today's announcement about dropping
their prices, might affect Globalstar. He responded by saying that Globalstar has a rather
different business model, and a different handset and quality situation [from Iridium]. He
then said that when the first person stumbles, everyone tends to pay attention,
especially, to see if it is, in fact, a viable business.
GSTRF closed down just 3/8 today.
Regards,
Mark T. |
