Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.77

-4.2%

3:59 PM EST

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To: marginmike who wrote (122582)	8/1/2002 12:27:17 PM
From: limtex	Read Replies (1) of 152472

mm - Well I reemmber what you predicted about 10% unemployment a few months ago. I have this awful feeling that you will be more right than wrong. As for the q how ironic that it should be coming into the blooming spring of its life right in thre middle of what looks mre each daay like a global economic collapse or at least a US economic collapse. If Citigroup can take a 40% haircut in a few weeks how can we moan about poor old QCOM. It is now August and just about everyone said that PCS would launch 1X in August so we shall soon see, As for the recent downgrades who can blame them. Q has hekld up against all the odds at a time when just about every other wireless player has seen its business badly hit. It must be logical that if the US economy is at incipient collapse then why not issue a downgrade since Q simply can't stand against this kind of tide. Here is Q with no debt and actual growth in earnigns and revenues and looking like it will get een better......to us ...but not to analysts since the street will pay more attention to the downgraders than to us. What a historic time. Id the markets are lower at the end of this year then thats a record for seventy years. How if they are lower NEXT year than this year?? I wonder if anyone has considered that one. Best, L

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