Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.13

+1.1%

3:59 PM EST

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To: bdog who wrote (18868)	11/27/1998 8:38:00 PM
From: limtex	Read Replies (1) of 152472

bdog - Look at some of the other story stocks in wireless, WCII for instance. Much the same sad performance during this historic couple of weeks. I happen to think that we will see movement ( up hopefully) when the earnings announcements for these stocks are made. In the meantime the fund managers in my view will buy the usual suspects plus AOL, AMZN and a few other internet stocks. I would I suppose if I were a fund manager for a living because despite all this talk of investment these guys seem to me for the most part to need an almost daily fix and the first sign of trouble and pull the plug and head for the bond hills. My view is that they have as much idea of where the market is going as the man in the moon and they have even less idea about individual companies than most of us do. Take Mr Kurlack for instance and his classic continual slagging off of Intel. Please don't tell me that this guy knows any more about where the Intel stock price is going than the average SI contributor. Same sort of thing with the Q. The MSFT tie up was just to much vapourware for a fund manager to risk his performance on it when he can almost be sure that when a rally like this goes on 90% of the cash is going to go to into the nifty fifty or wahtever they're popularly called today. Lets see if I'm right. My guess is that MSFT will go to $150 in the next couple of weeks if the rally keeps going despite all the court stuff. Whereas I bet the Q will just sag and slowly slide back towards its natural home in the $40's. But then one day the Q will just take off vertically and who of us wants to miss that. Its fundamentals are still very good and getting better and even better as the poor ERICY management get the increasingly bad news from the court. Regards, L

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