Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 155.82

-1.3%

Jan 23 9:30 AM EST

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To: sag who wrote (8070)	2/6/1998 3:37:00 PM
From: Candle stick	Read Replies (3) of 152472

>>>What does cymi have to do with QCOM?<<<.... I thought I just explained that?! Both have large customer bases in Asia, and both reported shortfalls due to order "pushouts".....CYMI happened 6 months ago...you have the benefit of LEARNING from that experience...CYMI fell from 50 to 14 due to the momentum players turning fast and kicking it hard on the way down....QCOM just had a mirror image press release to CYMI from 6 months ago....its high tech, they have alot of business in Asia and there is a lot of momentum money in it.....THEREFORE, it would seem prudent to assume that a one day decline is NOT the bottom, but rather the beginning of a swift and larger decline, IMHO of at least 50%....good luck, you will need it........;^)

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