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

QCOM 154.12

-3.3%

Jan 20 3:59 PM EST

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To: Diana R. Chambers who wrote (3175)	11/12/1999 8:18:00 PM
From: llwk7051@aol.com	Read Replies (3) of 13582

Diana, Here are some of my reasons for holding. Hope they help you find your own. 1. Growth in cdma should exceed 50% based on almost all projections I have seen. I expect much more. Every indication is the cell phone market will shift to a version of cdma. 2. The handset buyer announcement maybe as big as the announcement that Ericsson was buying infrastructure. For example, Nokia buys. Agrees to buy chips from qcom, moves Europe to a cdma version. 3. Cdma becomes method of choice to connect to internet beats cable, landline phones, etc. in ease of use. 4. China opens up to cdma. 5. Cell phone growth of 1 billion is low estimate and we see cdma with over 50 percent of market. Cdma only 40 million now. 6. JV with Microsoft to connect phones to internet becomes viable business. 7. Gstrf becomes hugely profitable and opens entirely new markets. Take your pick of which if any of the above you believe might happen. These are a few of my reasons for holding. My only reason to sell is fear that part of my obscene profits will evaporate. Robert

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