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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.27-0.5%12:54 PM EST

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To: waverider who wrote (93065)1/31/2001 9:27:09 PM
From: David E. Taylor  Read Replies (2) of 152472
 
Rick:

I agree with you that misleading press obviously isn't going to have any effect on how this entire 3G development plays out, nor how much of the pie QCOM winds up sharing, so for those with a longer term perspective it's irrelevant. But such press can and does have an effect on the short term price movement, since the average investor hasn't a clue what the difference is between CDMA, GSM or whatever, and is likely to take negative press reports at face value, particularly after last year. Since I trade short term options (albeit in a small way compared to the stock position I have), it would be stupid to ignore anything that might cause a short term sell off, and for a stock as volatile as QCOM, short term movements can kill an options position rather quickly.

David T.
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