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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!
QCOM 175.25+0.6%Dec 19 9:30 AM EST

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To: Maurice Winn who wrote (18)4/16/1996 5:55:00 PM
From: Habib Wicks   of 1819
 
You guys are funny. CDMA is a great technology and will no doubt eventually rule, but the market reaction today was not just panic selling. It is the beginning of a realization that Jacobs and Co. have hoodwinked the markets. Implementation is going to be far more costly than ever imagined especially since TDMA is getting more workable and more palatable. CDMA will eventually win this race but Qualcomm is going to have to destroy itself in order to pull this one off. This thing is a tightrope. You guys better hope this one does not go down in a blaze of shareholder lawsuits.
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