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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 180.88+2.0%Oct 31 3:59 PM EST

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To: foundation who wrote (84567)10/24/2000 9:27:32 AM
From: Labrador  Read Replies (2) of 152472
 
Could this be the reason for the decline?
:-)

Morgan Stanley initiates coverage....
Monday October 23, 3:45 pm Eastern Time
Morgan Stanley Initiates Coverage on Qualcomm Inc.

SAN FRANCISCO< Oct 23 (Reuters) – Peter Simons of Morgan Stanley has today increased his 12 month target on Qualcomm from $100.00 to $160.00 stating “ The China ‘issue’ now seams to be no longer an issue and with that the only thing left is the building of the infastucture. The Benefit of China Unicom Adopting CDMA will now give further hope to Qualcomm that other Far East countries will pick up the more favored CDMA over GSM”. Mr. Simons believes that the news going forward on Qualcomm can only be good as the uncertainty over China appears to have been cleared.

“ We’re looking for Qualcomm to further strengthen their position in the Wireless Hand Held and Portable Computer market. Based on their projected earning on their third
quarter, to be released next week, we believe Qualcomm will prove to investors that they are back on track”

ragingbull.altavista.com
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