Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.06

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3:59 PM EST

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To: Maurice Winn who wrote (36239)	7/21/1999 6:27:00 PM
From: Maurice Winn	Read Replies (1) of 152472

Big Sales Heck, blowing the barn doors off! 12.47m shares reported on Yahoo with the average price around $160 means just on $2bn in stock changed hands today. Give or take that business about some being double counted. That is bigger than $1.5bn yesterday. The $1bn sale on the Ericy deal date and the $0.6bn selloff on the Korean panic day are now small fry. 16m Korea Day x $50 = $800m 12m Ericy Day x $80 = $1bn 9.7m S&P Preday x $162 = $1.5bn 12.5m S&P500 x $160 = $2bn [Sorry, I swapped the Korea Day/Ericy day share figures yesterday] Tomorrow? I suppose it will be hefty volume too. That means that a LOT of people have now got a cost basis way up there near $150 a share. With the fundamentals sound, that is a very big vote of confidence in Q! future. Globalstar rocket going up in a few days! That will give some lift too. Meanwhile, Q! is going to sell more shares. 6m instead of 4m. That would be enough to move the price down a bit at the close. A lot of guessing on the S&P listing price is obvious. 6m x $160 = $1bn Good grief. If that was funded by way of after-tax, bottom line profit accumulation, we'd be waiting years. Qualcomm can now do some serious expansion of production capacity and do it in China, where it counts. Maybe even in India's Mancherian.com or whatever that new domain name they registered was called. [Maybe that name was just from some Indian guy who thought it would be a good name since he was from there and Q! could pay and Q! didn't know anything about it and he is surprised to find it discussed on SI]. Mqurice [Funny, I haven't noticed a decline in the Dow to 8222 even though oil remains high and it's well past time for a panic. I guess like Iridium debt, I'll have to reschedule it since people are obviously keen to put off the evil day. 21 August might be more auspicious]

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