Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.82

+0.1%

3:59 PM EST

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To: Craig Schilling who started this subject	11/30/2000 4:03:43 PM
From: carranza2	Read Replies (2) of 152472

Excited but pertinent post from RB. The election's uncertainty, coupled with earnings disappointments, seems to have had a negative synergistic effect on Mr. Naz. Here goes: I don't discount the 6.50% Fed Funds rate, or the profit warnings, or the overvaluation we came from. But the OVERRIDING wet blanket on this market has been the election fiasco. Even a Gore victory would not have been met with kind of carnage. THE NASDAQ HAS BEEN UP 1 DAY SINCE THE ELECTION!! As a former portfolio manager, I can assure you...all of the bad news we have gotten was fully discounted in the low 3,000's. Remember, the market shook off a warning from INTC in September. Certainly, that's a much more important stock than any that have warned since (indeed, I think only MSFT or CSCO -- maybe AOL and YHOO -- hold the weight that INTC has.) What we are seeing since is an election debacle. Don't think so? Check out the charts on the market in 1974...all the bad news was known then (in fact, the economy was improving). The market continued to slide up to the point that Nixon resigned. The market dislikes certain things. But it HATES uncertainty.

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