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Technology Stocks : CDMA, Globalstar versus Iridium, Inmarsat, etc.
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To: Don Limb who wrote (64)1/14/1997 10:02:00 AM
From: Reagan DuBose   of 381
 
Don, QCOM has risen several dollars over the past few days. When I was acquiring, I bought mostly at 39 and lower. Although I think you would do OK at the present prices (~44) for a long term hold , you may be able to pick up QCOM lower than 44 over the next few weeks. Of course, there is the risk that it won't go lower. I'm no technician, so I don't have the foggiest notion what the immediate future holds for QCOM. I just have expectations that it will be a multiple bagger over the next 2 to 3 years, based on fundamentals and some insight into the business.

GSTRF has also moved up in the past few days. My thinking is that it is a much riskier bet than LOR and QCOM. Only GlobalStar success will make GSTRF a good investment, and positive cash flow is years away. LOR and QCOM will benefit from GSTRF success, but also have other ways to make money.

I assume you are indoors if you're stayin' warm in Texas this week! :-)

Reagan
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