Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 275.13

+3.0%

Dec 10 3:59 PM EST

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To: chomolungma who wrote (69787)	4/15/2003 11:40:28 AM
From: Sun Tzu	Read Replies (1) of 70976

OT -- QCOM Yes you are correct. QCOM is the only strategic investment I hold. As to my take on your buying it, as always it depends on your time horizon. For me there is only two things that will make me dump QCOM. The first is 50% drop from here, which I find very unlikely. The other is a development that will make their patents less effective (think along the lines of expiration or strong alternatives by a consortium). Barring these, I will not let go of my QCOM for at least 5-10 years. If you are thinking short term, you just missed the $31 range a few days ago. The first resistance level is 34 and then 36. I see QCOM staying in the low to high 30s range for a while. So that is one way to play it. good luck, ST PS I am also considering as something to build a position in with 2-year horizon.

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