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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Sommers who wrote (4472)	8/1/1999 10:57:00 PM
From: Sommers	Read Replies (1) of 54805

The Cabot Market Letter - 8/99 "In Cabot's Model Portfolio, we're rating only the four strongest stocks buy," momentum investor Carlton Lutts says, as each is showing exceptional strength despite the current market volatility. One of these stocks is Qualcomm (QCOM). Shares in the communications equipment leader rocketed more than 200% year-to-date after a huge Q2 1999 earnings surprise and the settlement of a dispute with Ericsson. Qualcomm is now a key licensor of the CDMA, a digital cellular technology that offers superior performance, lower noise and a greater variety of services than analog cellular systems. CDMA is also the fastest growing digital standard in the world, and CDMA subscribers should surpass 30 million in 1999 vs. 20 million in 1998. "Someday, all over the world, wireless systems will carry more phone calls than phone lines," Lutts says. Qualcomm gets a royalty on every CDMA handset, each base station sold by licensees, and one-time fees from equipment makers. Qualcomm is also the leading CDMA handset maker. "Investors are accumulating this stock because they expect demand for CDMA products to keep producing profits for Qualcomm," Lutts says. He maintains his buy recommendation.

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