Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (37141)	12/29/2000 11:00:58 AM
From: Eric L	Read Replies (2) of 54805

Frank, << my portfolio is over 30% qcom, and I don't feel a need to reduce it at this critical point in time. Am I missing something? >> Certainly not. You have done your homework as I have done mine. I would hate to see "GroupThink" at work here. You happen to be just a little nuttier than I am <g> holding the 2nd coldest tech sector at 30% of port. I hold that sector at 21.7% which is plenty nutty in and of itself. As a matter of portfolio balance I choose to hold no single equity at more than 20% of my total portfolio at year end. That is an absolute fundamental of my investing philosophy. You choose to play wireless with one gorilla equity. I have chosen to play it with 2. One is a gorilla. One is a king. It is not a basket anymore than my holding EMC/NTAP is a basket. I still hold all of my original 1/5/99 QUALCOMM investment (but no more). It is up 1298%. It equates to 16.7% of my portfolio and it is my largest equity position. [I've decided to hold off on TXN for the moment ... SpinCo will be my wireless chip play and I will determine after one year or so whether or not it is the best wireless chip play ... pretty hard to evaluate at this time.] << Bandwidth is being auctioned off for BILLIONS, and the cost of carrying this debt to the "successful" bidders could be ruinous. >> And that's why the sector is so cold. The "successful" bidders will be fine. Some of the vendors who are financing at 125% to 300% of value of the new networks are going to be hurting. There are few "NextWaves" in this game. << High speed cdma systems are installed and at work in Korea >> One "medium speed" 1xMC is installed. I'm not sure one could say yet that it is "at work". It should be by spring however. << aren't they the fastest game in town for data? >> Till June. << As a result, they will be able to offer feature rich services that their competitors can't match, and will surely gain market share as a result. >> Feature rich services, and data transmission speed are 2 different entities. << And the same scenario is being played out in Japan. >> Right. What the Japanese consider to be "feature rich services" are blowing data transmission speed away. << GSM .. is a voice-centric game. >> GPRS is a data-centric game. << how long will the others wait for GPRS/WCDMA before they start pounding at Qualcomm's door? >> I'm waiting. << Dr. J ... when he was modest earlier in the year, we criticized him for it and begged for him to refute the FUDD >> Could you provide an example of the FUDD you are referring to? I don't think anybody asked him to refute anything with DUF. << how many humble self made billionaires are there in the high tech world? >> Larry Ellison? Bill Gates? Steve Jobs? Marc Lassus? - Eric -

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