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 174.78

0.0%

Dec 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ramsey Su who wrote (11837)	6/26/1998 1:42:00 PM
From: JScurci	Read Replies (1) of 152472

Dear Ramsey, I have read Mr. Cabi's report and found it to be very carefully worded - carefully enough that is to be elements of fact laced with generous amounts of inneuendo. The fact that the 1900 Q had plastics problem is regurgitation of old news carefully crafted to leave the impression that this problem is both ongoing and continuing to the new dual-mode cellular Q. Mr. Cabi has had a long-standing antagonism toward Qualcomm where he has consistently had the lowest point estimate on the Street every quarter for years. The fact that his thinly veiled schilling for DMG client ERICY can be passed off as research is indeed a sad commentary on the Wall St. research process. Mr. Cabi's only legitimate constituency of Qualcomm players are those that are short the stock. This constituency was in need of a reprieve and Mr. Cabi rode in for the rescue. As recently as the day before the Alex Brown report there had been yet another new short sell recommendation written by a Washington D.C. based newsletter (CIFRA). Mr. Cabi felt it was time to rain on the parade started by Alex Brown's bullish report. The facts are that Qualcomm's business model is clearly improving as new growth drivers take over from the Korea factor. As even long cautious analysts like Brian Modoff od Alex Brown sense the turnaround coming they want to be sure to revise their opinion and get on the right side of the stock. Analysts like Cabi now realize they have a problem and are trying to make the best of a bad situation - that is - how to cover a short position in a stock with soon-to-be-apparent positive momentum. We should all be grateful that the best Mr. Cabi found in his quiver of tricks was an old re-hash of old and increasingly irrelevant and totally out of context manufacturing problems. Incidently, during a recent face to face meeting I had with Qualcomm management there was an unmistakable inference that current quarter handset revenues would be significantly ahead of the March quarter, and that was without significant shipments of the new Q which is ramping up nicely for the September qtr. These statements were also echoed in the recent Alex Brown report. regards, John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next