CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST! Message Board

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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!

QCOM 174.80

+0.3%

Dec 5 3:59 PM EST

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To: Maurice Winn who wrote (296)	7/22/1996 10:35:00 PM
From: Ramsey Su	of 1819

Maurice, I think the cat is out of the bag. Would love to see another buy opportunity but I doubted. I tried to buy some aug 40 calls at 2.25 when stock was trading at 37ish. It then took off and never looked back, recovering the loss and end up 2+. The earning is meaningless. All the doubts about CDMA are now history. $1.3 billion backlog!!! Try to add that up. We know of the $850 million orders recently and that was to be split with sony. The big time ramp up cost is well rewarded. Again, I wish nothing more for a big drop but I am afraid Wall Street is not that stupid. My guess is 50s again before the end of the week. Ramsey

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