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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 178.28-1.7%3:59 PM EST

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To: Maurice Winn who wrote (111877)1/30/2002 9:51:57 AM
From: waverider  Read Replies (2) of 152472
 
It is expensive compared to MRK which has a certain market and proven products that are not subject to the whims of very powerful competitors who have the power to prevent their timely acceptance and success.

It is priced about the same as much of California suburban real estate. I refuse to buy a three bedroom home for $400,000.

It is cheap relative to EMLX or BRCM or (pick another story stock) a tech index like QQQ.

As I posted last week, I bought MRK and shorted QQQ. I will consider buying QCOM when it reaches the mid 20's.

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