Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 179.02

+3.7%

Nov 5 3:59 PM EST

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To: SKIP PAUL who wrote (124279)	10/4/2002 7:55:21 PM
From: chojiro	Read Replies (1) of 152472

<<more punishment coming only more severe.>> I'll admit I am surprised how well QCOM has held up this week. FWIW, I think the reason it has performed better than the most NASD stocks is because they and RFMD both reaffirmed revenues for the quarter. Probably most investors are seeing wireless as the last safe place in tech. Which means to me when/if they begin to lower future growth estimates, the selling will be that much swifter. On a technical note, if I was long here(which I'm not, I'm short) I would find it disheartening though to watch it ramp up in the morning only to give back most or all those gains by the closing bell.

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