Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 153.03

-1.0%

3:59 PM EST

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To: RMP who wrote (7978)	2/5/1998 6:36:00 PM
From: Tae Spam Kim	Read Replies (5) of 152472

The conference call ended, I'm going to post a report on my stock page tonight and will copy it here. My gut reaction is that QCOM will test its lows into 40's tomorrow. The future does not look bright, ASIC cost issues, softening of demand of Q-phones, and $60 million order canceled, earnings probably be about 30 cents short of this quarter's estimates. With all this bad news, I think the institutional traders and mutual funds with shorter term horizons will start dumping the stock in the next few days, QCOM is definitely going lower that it's 52 week low soon. Tae Kim TJK Market Letter P.S. Yes I do have small short position now, so I may be emotionally biased. But my rationale tells me it's going to happen.

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