Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.20

-3.3%

Nov 6 3:59 PM EST

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To: Spaw who wrote (20915)	1/7/1999 2:07:00 AM
From: JGoren	Read Replies (1) of 152472

If Qualcomm maintains its trading range, it will go up somewhere between 60 and 70 (maybe hit new all-time high above 70) and then start falling at or a few days after the January 19 quarterly report. What no one knows is if it will continue this way or finally break out. Only some very good news, enough proof of earnings to the analysts with confidence it will continue, 3G conclusion favorable to Qcom, settlement with Ericy could make the stock break out. ETSI standards nearing deadlines in spring, so it is possible breakout finally occur--but to be honest, not likely. Long-term holders will hold through latest rise because they think breakout soon and afraid they will miss the anticipated big rise if they sell and hope to buy back shares at a lower price. You gotta make your own decision.

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