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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 168.09+1.8%Nov 28 9:30 AM EST

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To: John Hauser who wrote (66560)2/12/2000 5:11:00 PM
From: Jon Koplik  Read Replies (1) of 152472
 
Re : the "great" Fidelity (and their buy and sell decisions on tech stocks) ...

Back in 1997 and 1998, I heard from someone in a position to know what they are talking about (who will remain un-named here, however) -- that Fidelity bought QCOM in the $60 - $70 range, and then gave up and sold it around $50 at least four times.

(This is all before the 8 for 1 splitting of QCOM).

They (Fidelity) (of course) did not have a meaningful position when Qualcomm started going up dramatically.

If Fidelity thinks MCOM is great, that is NOT anything I would take as a good endorsement.

Jon.
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