Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

3:59 PM EST

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To: biostruggle who wrote (110740)	1/11/2002 1:03:09 PM
From: limtex	Read Replies (1) of 152472

MB - The stock has been revalued downwards 25% in the last four weeks. This is Q's annual revaluation and it has just happened a little earlier this year than last year. How about that price target drop to mid $50s....to a price that the stock was about ten days ago. That is like the Daisy Cutters it is designed to break morale. The volume over the lasst ten days has been huge and must be saying something. I wonder if many funds unloaded in the last month. There are clearly better opportunities elsewhere and so my guess is that many of them just got out, had enough of the story. How about PCS and probably many others. Someone in the investment community knew about this when the stock started to collapse some four weeks ago. Eventually it will stop its two year slide but now the market will want to see action and not stories. Hope is now out. This the now the Missouri market....show me. Best, L

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