~OT~ They should temporarily change the name of the QCOM thread....
Maybe it should be called "Coming into the Selling Range" <VBG>....The Funds and momentum players are lightening up....small investors are talking on chat boards......Yet, one might make some money shorting this stock. LT and his friends could have some fun over on the QCOM thread..!! I don't short stocks and do realize that things could change quickly. Yet, IMO QCOM is still priced for perfection and it could be a rough ride for a while. I have advised my relatives to rotate into more CSCO and DELL. Here is the latest Blomberg update....
9/1/99
<<Qualcomm has hoped to benefit from the potential for its technology in China, the world's most populous country. Roberts, however, wrote that in his meeting with company management, Chief Executive Irwin Jacobs ''was more cautious than we would have expected regarding the rollout of CDMA in China.''
Qualcomm also faces intense competition from Finland's Nokia Oyj, the No. 1 cell-phone maker, and No. 2 Motorola Inc., said Ed Snyder, a Hambrecht & Quist LLC analyst.
''Qualcomm is a great company, but the growth won't be as great as in the past couple of quarters,'' Snyder said. ''It can't be, not with Nokia and Motorola pushing prices down.'' >>
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I tend to agree with this poster....
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