Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.06

0.0%

Dec 1 3:59 PM EST

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To: Kent Rattey who wrote (44124)	10/11/1999 5:53:00 PM
From: Bux	Read Replies (2) of 152472

The problem with COMS is that the price may be higher because they stuffed the channel, which they have done TWICE in the past. When they finally fess up, you have lost your money. If that happened to you, I'm sorry. My cost is $26 and that price is not based upon channel stuffing so I think I am sitting pretty good. Like any stock it may go lower in the short-term but I have a lot of faith that COMS has already started to benefit from institutional buying and will withstand a market downturn better than most techs since there are no significant profits to be taken. The two negative responses I received have helped confirm that investor sentiment has bottomed. Investor confidence will take a long time to get back but if this company turns around as I expect, the change in investor sentiment that will slowly follow will be worth a 50% gain in itself although it will be distributed over a period of perhaps two years. 3Com has good consumer recognition and people in the industry tend to have a high opinion of the quality of their products. If 3Com can learn from their past mistakes and position themselves in the rapidly expanding market for wireless network equipment the results will be explosive. My position in QCOM is over 20 times the size of my total 3Com purchases so I am not too concerned that this turnaround might take a year or so. I'm not much of a gambler but the few times I have played roulette I didn't put my chips on red or black and I didn't spread them all over the table covering just about every number, I put the chips on just one or two numbers. What a ride! But 3Com (going forward) has much better odds than Roulette. Bux

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