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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 164.42-0.4%9:38 AM EST
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To: DWB who wrote (5875)1/29/2000 12:52:00 PM
From: jmac  Read Replies (1) of 13582
 
The problem with the stock of the Q is that most people who bought Q didn't now the story, didn't want to know the story and only wanted o make money. I am guilty of this also. When I first bought the Q in Sept or Oct, I knew nothing about the company. I wanted in and would find out later. My dad bought EXDS and to this day, he doesn't know what it does. He just knows that it is going up. Now, I know a little bit about the story on Q but I also have some worries about competing technology. I don't know enough to make a decision on this. There is CDMA and TDMA and something being tested by NTT called W CDMA. This may or may not pose a threat to the future of QCOM main source of revenues and hence its ability to grow at the rate it has in the past. Any slowdown in rate of growth will result in a slowdown in the expansion of the PE. Right now, we are at about 100 based upon 2000 earnings. Not bad if the company can keep growing that the rate it is but terrible if it becomes a DELL.

So, what do we have. A bunch of very, unformed, nervous investors who have seen their stock TUMBLE in one week. A lot of current investors didn't get in when the Q was under 100 (pre-split) like a lot of folks on the QCOM thread did. Those who got in at $10 aren't having a difficlut time with this. Those who got in in November or December are watching all of their paper profits disappear entirely.

Good luck to us all.

P.S. Those on margin do have an option. If forced to liquidate and you don't want to, sell your stock and simultaneously buy Leaps. It keeps you in the game.
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