Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.32

+2.3%

Nov 21 9:30 AM EST

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To: Clarksterh who wrote (39725)	9/4/1999 9:19:00 AM
From: CDMQ	Read Replies (1) of 152472

Bull Market Report Banc of America Securities cut its rating on QUALCOMM (QCOM) to a buy from strong buy, citing faster-than-expected price erosion that may hurt the wireless communications company's handset business. Increased competition from Nokia and Motorola and unfavorable component industry shortages are affecting handset margins. The downgrade comes after another firm, Everen Securities, said Qualcomm should beat fourth-quarter estimates but not by dramatically. COMMENT: Our take on this whole situation is that we have been given one big buying opportunity. Let's see, they are downgrading them because there are so many phones being sold. Hmmmm. Downgrading them because demand is too high. Hmmmm. Qualcomm gets a royalty for every phone that is sold using their CDMA technology. We've done enough humming! We're buying.

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