Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.25

+0.6%

Dec 19 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: limtex who wrote (10173)	4/22/1998 12:11:00 PM
From: Ramsey Su	Read Replies (1) of 152472

limtex, like I said on an earlier post, this is a buy opp. QCOM's stock price has consistently provided these opportunities over the last few years that I have held the stock. By buying on these misinterpreted news and analysis, I managed to keep knocking down the cost basis for my core holdings to now below 30. QCOM's time will come and the long term side of me really don't care whether it is next yr or five years from now. Tim Luke of Lehman and Alex Ciena of Bears Stearns have more comprehensive analysis of the company. Lehman makes their analyst reports available on the net. I am anxious to see Luke's revisions which probably should be out some time today. Trying to be as objective as possible. There are certainly manufacturing pains as well as market pains this past qtr. In this high tech world, not many can execute flawlessly like LU. How severe is QPE's handset problem? Well, it looks like they have already taken the hit. There were no disclosure as too how many handsets were actually "recalled" but it sounded like the entire inventory. If they still managed some profit margin with such a big snafu, I can only assume that their cost is under control. Also not discussed (at least I didn't hear it during the cc) was SG&A expense which I assume included the huge bill for the Superbowl party. We can argue the merits of that expensive publicity campaign but the fact remains that forward advertizing expense should be less. In summary, I don't think it was a great qtr but considering all the negatives, it really wasn't that bad. IBM went up on what I consider a really bad qtr. They said PC environment is terrible and DELL, GTW hit new highs. Short term momentum is just that, short term. In the long run, fundamentals still rule. Ramsey

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next