Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.06

0.0%

Dec 1 3:59 PM EST

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To: Renby Cage who wrote (12723)	7/22/1998 2:05:00 AM
From: JGoren	Read Replies (1) of 152472

Renby, welcome to the thread. I am so used to reading your posts on MF I forgot you hadn't posted here. A few days ago, I posted my concern that if Q didn't announce significantly better earnings than expected, it would suffer price wise in a market that punishes companies that do not do better than expectations. In the last couple of days, I have to say I am concerned over the disparate results in the market. As earnings growth slows the prices of a lot of stocks are beginning to suffer. Fortunately, the Q is now on the upswing; it's gotten over the worst. But it can't beat the market if there is a general downturn. I am afraid that the exuberance expressed on the web is a bit much. As a long-term holder, I'd sure like to see a big boost in Q's price, but in view of history, I think it will not do so until next Q report. Remember, we are just now getting back to where we were in the fall of 1997 and th one-day 20 point drop from 70 when SEA hit. On the positive side, the company seems to be getting better press and maybe Wall Street will wake up to the stock.

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