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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: DownSouth who wrote (26359)	6/15/2000 10:59:00 AM
From: Eric L	Read Replies (2) of 54805

Did I say to somebody Anyway, I'll be in a better mood tomorrow? I did not know Edward Snyder would lay an egg this morning. Same old, same old, China & Korean handset subsidies. Ouch! I certainly hate to deliver this but ... >> Before the Bell - Qualcomm off sharply June 15, 2000 09:27 AM NEW YORK, June 15 (Reuters) - Shares in cellular telephone technology company Qualcomm Inc. QCOM fell sharply ahead of the regular market open Thursday as another brokerage firm issued a bearish outlook for the once high-flying stock. Before the opening bell, Qualcomm traded down to 64-1/4 from the 70-1/2 market at Wednesday's Nasdaq close. Brokerage Chase H&Q early Thursday said it set a $50-per-share price target for the stock, and reiterated a "market perform" rating. Chase H&Q analyst Edward Snyder said he sees no positive news in sight for the company, noting that the elimination of cellular telephone handset subsidies in Korea will likely impact Qualcomm. He also said it is "unlikely cdmaOne (Qualcomm's technology) or its derivatives will ever be deployed in China given GSM's (the rival international standard for cellular telephone technology) worldwide market dominance and the technology's significant head-start in China." << - Eric -

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