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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 170.90-1.3%Nov 7 3:59 PM EST
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To: Art Bechhoefer who wrote (2983)9/10/2000 10:54:55 AM
From: marginmike  Read Replies (2) of 196568
 
Art There are alot of very good analysts whom have Technology backrounds. There are also fund managers like Kevin Landis whom also have informed backrounds. The fact is that Qcom(the stock)is in a rut because earnings for the short term have stalled out. All the reports in the world will not move the stock higher. We all know the potential story, as does the market. AS in 1998 we were not going anywhere until the problems in INFRA where removed and earnings projections increased. At the time Gregg powers and all were blindsided by the lack of INFRA's ability to make money. The Handset problem was also unknown. However there were many on the street who did understand this problem, many whom we flamed here. The fact is Qcom(the stock)has to acelerate its earnings for the stock to move. We all know how GREAT the FUTURE IS. I think by 4Q this year we will start seing momentum in earnings come back, and that is when the stock starts to go.
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