Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: Craig Schilling who started this subject	2/7/2001 12:47:57 AM
From: tradeyourstocks	Read Replies (3) of 152472

After the market digests the CSCO report and beats up CSCO and its suppliers some more, where will the money go? Out of the market? I don't think so. Not with Greenspinner lowering rates to the level where cash investments just don't look appealing anymore. Bonds, maybe but the govt issues are expensive and corporates are considered too risky. So, my guess is the money stays in stocks that have upside potential this year. This brings me to QCOM. There were very few high quality names reporting that they were comfortable with estimates and see strong demand in 2001. QCOM was among the few that did just that. On top of the general comfort level, we all know that there is potential for several large upside developments that could help QCOM beat estimates by a significant amount. China and India come to mind. But even without those new markets, the upgrade cycle by Q's customers has begun. If 1X works as advertised, we could see QCOM gain market share in both the BTS and handset chips. BTW the ASPs for these chips should be higher thus helping Q's bottom line. It would also make sense that 1X handsets will sport higher price tags therefore helping Q's royalty revenue. So, while Motorola has just today figured out that GSM is the main worldwide standard and that's why their AMPS Startac just isn't selling like it used to, QCOM is starting to benefit from 3G. I'm not predicting that QCOM repeats the gains of 1999 anytime soon, but it wouldn't surprise me to see QCOM as the best performing Nasdaq stock for 2001. MicroE

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