Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.67

+1.6%

Nov 12 3:59 PM EST

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To: limtex who wrote (81115)	9/21/2000 9:00:53 PM
From: Climber	Read Replies (2) of 152472

Sep 21 9:18am ET NEW YORK (Reuters) - Goldman Sachs & Co. chief strategist Abby Joseph Cohen said on Thursday that equity-market concerns about higher oil prices, a weak euro and corporate profits are ''overdone'' and will be ``short-lived.'' ``Investors have been recently unnerved by an assortment of developments and concerns,'' Cohen said in a note to clients. ''We conclude that the reaction to these has been somewhat overdone and that the intermediate- and long-term view remains quite bright.'' Cohen, one of Wall Street's most widely watched strategists, said the backdrop for the U.S. economy ``remains quite favorable'' and reiterated her year-end price target of 1575 for the Standard & Poor's 500 Index and 1650 by mid 2001. The S&P 500 index on Wednesday was at 1451. She retained her recommended asset allocation mix of 65 percent equities, 27 percent fixed income, 3 percent commodities, and 5 percent cash. The mix has been unchanged since March this year.

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