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 174.54

-1.2%

Nov 13 3:59 PM EST

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To: Ramsey Su who wrote (305)	7/23/1996 10:40:00 AM
From: Chris Reeder	of 1819

Just for argument sake. With the market of late, don't be surprise by downward pressure. $1.3 billion on the surface sounds impressive, but at a 15% margin thats less than $200 million over 3 years, presently and shared with Sony. OF course, that will change in time. At times, I've traded my shares of QCOM after run ups, only to buy them back (SEP/IRA account). I maintain a positive on this co. long term. However, with the market probably in a funk into August (if next employment number is good and people are making more money.....watch out) QCOM probably will see $35 again. I already bought back at $38 so I'm not worried about another drop. Now for an update of my firsthand run in's with CDMA. I posted some time ago about a project that involves Primeco that I was involve with. This is moving a major oil companies M/W off of the 1.8 to 1.9 GHz freq. Primeco has been agressively moving people off these freq here in Texas (Dallas/Houston). I can't say that I'm impressed with Primeco's grasp of certain laws of physic's. They are throwing alot of money around. In the offshore environment, that gets expensive fast. We are now going with a third approach as the first two were failures. ATT they were wanting to turn on the Galveston xmitters, but haven't. I press them for some info and haven't gotten much from them. I'm sure they aren't happy with my correct prediction on the first two fiasco's. The third approach is a reaction from my first lesson about what they are trying to do. I realize the guys are big phone company types and understand the mentality. They aren't in a pannick mode yet. The did however express getting this up and running before the end of the year. I press them on a regular basis to listen to the phones, but they aren't allowing that at this time.

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