Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: Jim Lurgio who wrote (7223)	1/18/1998 8:44:00 PM
From: brian h	Read Replies (1) of 152472

Jim and all, That was an old story regarding QCOM had to (definitely must) fire those temp. employees. The firing had caused QCOM dropping from $66 down to $42 at the time. Because Wall Street analysts feared that QCOM phones demands were down, etc. It turned out Sprint and/or Primeco needed QCOM to produce dual-band and dual mode phones for covering the uncovered regions of the current PCS system build-outs. It was a business decision. Any businessman will do that in this instance. What do we expect QCOM's management to do? Kept those temps to exercise under San Diego's sun? It just proved that what Chuckj's claims about wellfare state at QCOM was a big joke. This management has been in business for 20 years. Those Wall Street juniors think they know better? Well. I am one of those juniors (age wise) try to learn something from these guys. They are tough. Good luck to all. Brian H.

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