Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.13

+1.1%

Nov 26 3:59 PM EST

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To: Ruffian who wrote (33110)	6/24/1999 5:47:00 PM
From: llwk7051@aol.com	Read Replies (1) of 152472

Michael, you did a good job of recaping what Hambrecht & Quist has been saying. I don't understand downgrade. This is same rating given May 18th by them. This is an excerpt from May 18 report. "Hambrecht & Quist Company: QUALCOMM Inc. Price: 105 Recommendation: Market Perform Date: 5/18/99 Qualcomm Strong in the Short Term, Faces Difficulty in 2H99 The elimination of handset subsidize in the Korean market will impact QCOM's chipset sales but will be offset in the sort-term by accelerating handset demand in the US & Japan. QCOM faces problems in holding market share and ASP against the Motorola and Nokia in 2H99." The analyst does not think Qualcomm can compete against larger companies. I certainly hope he is wrong on his estimates. I believe there is enough growth for all three to do well. Note Qcom really took a dive the last 30 minutes of the day. Volume for day was light and not that huge even at the end. Good luck to all, Robert Decker

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