Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

Jan 16 3:59 PM EST

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To: r.edwards who wrote (75883)	7/8/2000 2:46:43 PM
From: Return to Sender	Read Replies (2) of 152472

The trouble with technical analysis is that it does look backward to predict future events. If QCOM were to drop $5 on Monday then the worst may very well be over. However if the stock continues a slow descent then it could continue on a while longer. Fundamentally consider that the following factors that I believe weigh heavily on this stock. 1.) QCOM has made it apparent that high growth rates established last year were unsustainable. 2.) If QCOM loses the Korean contract then it is possible that they will have to reassess their recent down sizing and let additional employees go. 3.) The company may find that they have too much inventory on hand and be forced to lower prices on chip sets in order to ensure overcapacity is reduced and future sales are ensured. Longer term QCOM stands to benefit from any kind of CDMA sales based on royalties. If sales are lost on a direct basis, a down sized QCOM could emerge that is capable of beating analyst's estimates again, even if it is not based on sales of their own chipsets. Just my opinion, RTS

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