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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: Ruffian who wrote (2655)	10/25/1999 4:20:00 PM
From: nbfm	Read Replies (6) of 13582

at&t's publicly stated reasons for slowing wireless growth seems a lot like ibm's publicly stated reasons for its slowing revenues; i.e., "gosh. its external forces over which we have no control." trouble is, the competitors are not having that problem, which really means that the problem is internal to the company. the market recognized ibm's problems as not a one time y2k issue; instead the market seems to be saying to ibm that the problems are systemic. at&t's blaming of "handset shortages" may fake out the market (sort of a la gillette) for a short period. but it seems that sprint does not seem to be having that problem (of course, silly me, its only tdma phones that are in short supply). i think that i read somewhere that sprint hopes to add app. 1 million subs during the fourth quarter. at&t hopes to beat last year's 450,000 fourth quarter gain. there must be recognition within the AT&T family that "handset shortages" are not the problem. what could be going on behind the scenes at ole ma bell?

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