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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.43-0.8%Dec 29 3:59 PM EST

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To: MileHigh who wrote (64072)1/25/2000 5:12:00 PM
From: jmanvegas  Read Replies (3) of 152472
 
MH: It's gap down time for the Mighty Q - not looking so mighty right now. Until the handset division sale is put to bed, the Street is not going to swallow these numbers very kindly, regardless of the CC. I don't care what the good Doctor J. has to say, QCOM is going to be taken out behind the shed and whipped pretty hard. We're now talking about valuations here and whether this report can support the current valuation of QCOM. Other CDMA providers had excellent reports - I find this report very disappointing in order to support its current price and valuation - JMHO. Those buying in here with the Fed meeting coming next week are playing with fire. Those holding from much lower prices will be okay, but I'll tell you one thing - the charts for those who believe in TA are going to look horrible come tomorrow. Will I sell - nah. I'll just ride it out.

jmanvegas
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