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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 161.39-1.9%3:59 PM EST
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To: John Hayman who wrote (133319)3/5/2004 9:28:02 AM
From: Art Bechhoefer  Read Replies (1) of 152472
 
The weak employment data is actually good for QUALCOMM for several reasons:

1. QCOM is hiring, and this makes it easier to get the best people.

2. Interest rates will remain low, putting additional pressure on the dollar, leading to higher dollar sales and earnings for QCOM from overseas markets.

3. Heck, the administration might even have to recognize that QUALCOMM is one of the better companies in the U.S. because of all the new jobs it is creating.

Art
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