Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

3:59 PM EST

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To: DWB who wrote (65772)	2/1/2000 10:40:00 PM
From: Jill	Read Replies (3) of 152472

I am saying that any great CEO does not run conference calls purposely slanting information about the business, calculating that a well-placed phrase or two will help the stock pull back, because a deal in China is about to happen and make the stock take off...as if he could control market conditions that way anyway...it's a volatile market that like is Konrad Lorenz's image of the butterly who flaps its wings in Africa creating a tiny wind pattern that eventually becomes a thunderstorm in North America...that is our market and no CEO is going to spin things in order to try and move that market; it's not good business and not too likely to work anyway. I don't think Jacobs is doing anything of the kind. I think he was being honest about seasonal affect (as Intel is often honest, and occasionally has gotten punished for it), and maybe his use of the word "slump" was a poor choice, but I doubt he expected it to be taken so harshly. Otherwise, QCOM was overextended, and beating by a penny was ample excuse for the stock to retreat.

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