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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST

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To: Jon Koplik who wrote (19009)12/1/1998 11:13:00 PM
From: Maurice Winn  Read Replies (1) of 152472
 
Jon, Warren Buffett bought his bonds through the reinsurance company before the crash for a low price. Then the crash came and the Fed lowered interest rates and Warren doubled [I guess it was some big gain if not doubled] his money in a couple of months. I suppose he thinks he'll stay ahead of the game so sold the bonds to have cash for a while while he gets ready to buy a stack more shares at nice cheap prices.

It makes good sense to me. Why are you stunned?

DaveMG re: "I wonder how Q will do if a year or two down the road we're facing overcapacity in cell phones, price wars like the PC mkt."

Q! will do fine. We collect royalties on the wholesale price. If the manufacturer is making little margin, that isn't our problem. Of course Q! might have to abandon the handset market, but not unless the market share and margins drop to pointless levels, which will only happen if Q! doesn't maintain the technology lead they have with the pdQ, Q-Phone and whatever else they have coming down the pipeline.

A big price war will stimulate subscriber growth and that is good for Q! We can't lose.

Mqurice

PS: Exxon and Mobil merger announced. My old company BP and Amoco merged. Fina and Total [French company] merging too. Oil down at all time low again today. Brent oil at just over US$10 per barrel.

bdog, the $80 for Q! is bound to be right soon! Just needed to slip the date a little less than Globalstar launches slip. Other than that, my prices have been pretty good.
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