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Strategies & Market Trends : Rande Is . . . HOME

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To: DlphcOracl who wrote (47971)	2/24/2001 12:08:48 AM
From: Mike M	Read Replies (1) of 57584

I think somebody's spiking your Koolaid.<g> 50 was a pretty good place technically to upgrade. The company isn't falling apart. Qualcomm recently said demand for its Code Division Multiple Access (CDMA) integrated circuits is consistent with previous forecasts. The company also said that deployments by mobile service operators of one of its 3G technologies, cdma2000, remained on track. Even Alex Brown who downgraded, with the stock trading in the 60's, had this to say: "However, once visibility into the timing of next generation roll outs and handset sales improves, as well as overall investor sentiment with technology stocks, we believe Qualcomm will be a stock that can rebound quickly and appreciably,"... My guess is that the stock trades between 50 and 65 for a while and market dynamics will eventually decide which way it breaks out... Your reference to the analyst is as biased as you would suggest the analyst to be... Perhaps, instead, he really thinks the stock will be 130 two years from now and 50 isn't a bad place to pick some up....

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