Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.32

+1.8%

2:14 PM EST

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To: Jim Rathmann who wrote (1237)	3/24/1997 10:07:00 AM
From: Chris Reeder	of 152472

Bonnie, Jim and Jimmy; Good luck with your position. I think your reasoning is very misplaced. Margins aren't slim as you put it, but then you have done your homework and that what it tells you to do. You also have had over 45 major markets start service since mid Dec-mid Jan. Presently only two phones service those area's, with the big two Motorola and Nokia not available until Jun-July. The licensing agreements are very lucrative on the royalty side.There normal business of Omnitracs/Boatracs has been strong with some major sign up. Then there is the shrink wrap Eudora that I think may surprise some folks by it's contribution. They report earning around the 21 st of April. To short a stock that is entering it's growth cycle is sudicidal, but hey you make some money between now and earnings courteous of Alan Greenspan. Just as those who threw darts at a board going up, it's will be the same going down. BTW: I've never said this stock was the next MSFT, my upside target is just a modest 85 in the next 12-18 months and subject to change. Can't say what will happen when momentum jerks sink their teeth into the stock.

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