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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!
QCOM 177.78-2.2%Jan 9 9:30 AM EST

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To: Maurice Winn who wrote (14)4/16/1996 10:35:00 AM
From: bill small   of 1819
 
Maurice, I just yurned on my computer and saw QCOM debacle.
Look at their home page for the press release which triggerded it.
Earnings surprise did it with projections for rough year ahead. I
still haven't bought but am ready to if it looks like good support
setting in. Would rather pay a few $ more for stock on rise than
suffer several more $ loss. Usually with this type thing the worst
is over in minutes after news hits.

QCOM has a conference call to analysts held an hour ago on tape and
accessable on 1-800-475-6701 enter access code 303968 and
international callers use 612-365-3844, same access code.

Line has been busy so i haven't heard tape.

What do you make of it all? I'm not bothered by the increase R&D,
G&A, etc as much as a loss of credibility by comany for not warning
investors. What is your analysis of situation after you read
announcement, listen to conference call?

Sorry about your allnighter. Get some sleep; if CDMA flies as
promised this is all just a blip in the night.

best.............Bill.
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