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Technology Stocks : Nokia (NOK)
NOK 6.835-1.1%Nov 7 9:30 AM EST
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To: Martin Atogho who wrote (2758)11/18/1999 10:08:00 AM
From: Sommers  Read Replies (2) of 34857
 
Martin,

Bux's reply (#2759) is right on the mark. I understand that to be the "theory" as well.

To be sure, Mr. Fun is a well respected analyst, but I don't believe he focuses on the wireless sector.

I always knew he wasn't a Qualcomm fan. I just wasn't sure why. Now I know it's because he's afraid some judge is going to take away Qualcomm's "lock" on CDMA. I can see this reasoning leading someone to decide to take only half position. But to buy nothing is overly conservative, IMO.

What further surprises me is that he isn't just some little guy off the street investing his own money. He probably has influence over 100s of millions, if not more. And yet is still too afraid to take a chance.

I spent a few years working for The College Retirement Equities Fund (CREF). I could never document this, but while I was there I saw them throw money (like millions) at small tech companies, with 5 times the downside of Qualcomm, on a whim. If they lost it all, it wouldn't matter. What's a couple mil. when you're running billions? Their account "participants" would never know.

We all know every stock has downside potential AND upside potential. But how many stocks have LESS downside and MORE upside than Qualcomm?

You're right. Not many. This girl off the street is sticking with Qualcomm. And it ain't no whim.
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