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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 176.67+1.6%Nov 12 3:59 PM EST
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To: Curbstone who wrote (58192)12/30/1999 2:56:00 PM
From: Chuzzlewit  Read Replies (2) of 152472
 
Mike,

I am not prescient. But when I see a situation where "investors" pay no attention to probable earnings and cash flow considerations, or when an analyst predicts 3 Billion handsets sold in 10 years, I know that there will be a reality check eventually. Maybe it will happen this way: there will be a sudden market meltdown (for whatever reason), and suddenly the institutions will bail, flooding the market with shares of these overvalued companies. Or maybe there will be a slow erosion. I don't know.

TTFN,
CTC
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