Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.54

-1.2%

3:59 PM EST

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To: Sawtooth who wrote (14146)	8/26/1998 4:12:00 PM
From: Ingenious	Read Replies (2) of 152472

First my prediction: In the event of a >10% correction (some people call a Bear market) Qualcomm may trade as low as 30. Otherwise, Qualcomm may go as low as 35 for natural causes outlined below. (At either point, I would be a buyer because long term they will succeed) Asia contagion has eventually going to catch up with Qualcomm and Jubak's recent cut is not really a suprise. It was Qualcomm's strategy to sell CDMA to emerging countries because there was less infrastructure to deal with and therefore it was a "clean slate" to sell these countries new equipment. Clearly, it is more difficult to sell new technology that fits over old technoloyg because of incapatabilities. As a result of this strategy, Qualcomm is counting on the Asian countries. Problem is Asia is rioting, fighting, and entering (in?) a deflationary/recessionary period. Japan is propping up the Yen; Malaysians are rioting;etc.. Call it bad timing or politics but the Qualcomm ship is committed to a course that a simple "tack" will not correct. IMHO Leland

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