Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 164.42

-0.4%

9:38 AM EST

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To: Peter Sherman who wrote (47735)	11/3/1999 6:48:00 PM
From: T L Comiskey	Read Replies (1) of 152472

Play it again ........Nasdaq Bubble Reaches 3K Greed Is Good November 03, 1999 by Aaron Bunnell Wednesday, the Nasdaq closed above the 3K mark for the first time in history, at a plump 3028.55 (+46.92). But the tech-heavy index may be poised for a holiday harpooning, as talk of future interest-rate hikes infiltrates the Street. The Dow added 27.22 to 10609.06. The Basics: Advancers stomped decliners 23-to-16 on the Nasdaq, as a robust 1.3 billion shares were traded. On the NYSE, winners edged losers 17-to-14 on volume of 906 million. Big Picture: Is a Nasdaq 3,000 sustainable? Prudential market guru Ralph Acampora says to look for a wide trading range. "It appears that this market will be punctuated with sharp rallies and quick retreats over the next several months," he wrote in his daily market outlook. Big Boys: Qualcomm (QCOM: +35 11/16, 260 1/2) surged nearly 16 percent after it posted better-than-expected Q4 profits on Tuesday and set a 4-for-1 stock split. Intel (INTC) added 2 1/16 to 79 1/2 after Merrill Lynch analyst Joe Osha reiterated his $100 price target and "buy" rating on the stock.

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