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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Lizzie Tudor who wrote (49744)8/22/2000 3:42:52 PM
From: CRay33  Read Replies (1) of 63513
 
Lizzie - the 200 stock price was overshoot, much like the overshoot on the downside to 55. Much of it was driven by Walter Peicyk's (paine webber) 1000/sh target.

The Erick. case was validation that CDMA is the future, and validated QCOM's CDMA intellectual property rights - i.e., the cash cow for future years.

When you consider the growth of the internet, then seperately consider the growth of wireless - then consider that the internet is going wireless, then consider that QCOM will get royalties on every CDMA device (not only phones, but cars, trucks, handhelds, laptops, utility meters, etc) - well, you get the picture.

Great hold.
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