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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.01-0.3%Nov 14 9:30 AM EST

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To: Maurice Winn who wrote (116204)3/29/2002 3:39:56 AM
From: Jim Fleming  Read Replies (1) of 152472
 
mq re OFDM
Thanks

It's been a long wait but we are finally at the point of accelerating gaap earnings. It is strange that Qcom would be approaching the inflection point in it's profit growth as telecomm falls to the nadir of performance and profit expectations. The profit visibility will take care of the price direction and wireless growth even at an economically subdued level will become an obvious comparative.
We all learned something about valuation models and taking some money off the table on occasion. Happy Easter

Jim
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