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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 172.17-0.8%1:19 PM EST

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To: Yogizuna who wrote (81725)9/28/2000 10:18:37 AM
From: Keith Feral  Read Replies (2) of 152472
 
I would say the selloff in the telecom sector has reached a climax bottom. The capitulation in stocks like PCS, WCOM, VZ, VOD have all reached climax bottoms. The realization that weakness in the telecom service companies may effect capital budgets for next year is decimating companies like MSFT, INTC, DELL. Although I think CSCO still needs to get to a 52 week low, there are some good trades setting up. I liked Lehman's call on PCS for a move back to $65.
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