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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 151.59-0.4%Jan 30 3:59 PM EST
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To: marginmike who wrote (110597)1/10/2002 11:14:53 AM
From: Keith Feral  Read Replies (2) of 152472
 
MM: Waited out the early sell off to see if there would be any pressure on the $45 spot. With China, India, and now NXTL on board, it looks like all the rumors about profit warnings are going to vanish for the time being.

I think the market is overreacting to weak q$ sales for 2 reasons. China is picking up the slack and handset makers are building invetories fo 3G models for Spring release in February.

I bought 1/2 my core position back at $46.10 after the NXTL news hit the tape.
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