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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST
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To: jmac who wrote (75692)7/7/2000 4:56:22 PM
From: FR1  Read Replies (1) of 152472
 
If "Nancy" is willing to say all of these things to a complete stranger, why hasn't QCOM simply put out a press release like most other companies do when this much mis-information is being spread?

What makes you think CNBC or any of the others will give you air time?

CNBC is selective and will edit whatever you say.

Let's look at today. In the morning I heard CNBC, and others, say that NOK/ERICY may win the bidding war against QCOM in Korea. The news very clearly implied that QCOM would lose out completely.

Buy the end of the day, as you can see by Nancy's statement, CNBC had been notified of their mistake.

CNBC doesn't want to say they goofed completely. It makes them look stupid. Besides, the stock is going down so there must be something to it.

So when they told the news at the end of the day they said "The reason QCOM stock went down is that they will receive fewer royalties if NOK/ERICY win the competition."

Go figure.

One thing you can be assured of. If this was a GE story it would have been corrected immediately and repeated numerous times with charts and diagrams.

*******************
OOops - I spoke too soon. After having partially corrected itself CNBC just went back the other way with a headline teaser:
"More trouble for Qualcom stock as Korea gives its technology the boot."

That is word for word quote many hours after they had been corrected with phone calls from the company.
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