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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.35-0.4%3:59 PM EST
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To: synchro who wrote (9334)3/21/1998 11:45:00 PM
From: stealthy  Read Replies (1) of 152472
 

Synchro:

I've been a (frustrated) believer/holder for the years since the initial public offering;

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Doubt very much if your #1 will occur; Doubt this stock will ever see the 20's again, unless the whole market collapses;

Also doubt that your #3 will occur on this quarter's results;
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My guess is the " Q " management tried ( in their bad news announcement) to give a somewhat conservative assessment of the coming quarter, in hopes that things would be better than predicted and the street would be mildly encouraged when the actual report turns out to be better than expected; (However, not clear whether they guessed right or not, and the Asian impacts could have continued to be worse than they hoped for this period ;)

Thus, I expect the street to continue to be unenthused about the "Q" until either : 1) Future quarters come in and solidly confirm things are back on track, or 2) Some other overwhelmingly positive news ( several big contracts awards or the like) forces them to reassess the nearterm prospects;

My guess is the stock will continue to languish in a range from the low to mid forties, up to the mid fifties for the next quarter or so;

Of course, the above is just another guess; For a variety of reasons, this stock has ALWAYS managed to foster great scepticism on the street, even in the face of dramatic and consistant performance; That probably won't change in the nearterm;

Stealthy



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