Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 171.48

+0.3%

3:44 PM EST

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To: SKIP PAUL who wrote (21706)	1/20/1999 4:14:00 PM
From: Ruffian	Read Replies (3) of 152472

Interesting Rumor?> ERICY Rumors by: Rodolse 5558 of 5566 are all over the place in Stockholm today. One or several investors are desperately trying to push the price down by spreading three separate rumors: 1. ERICY pre-tax earnings for FY 98 will be SEK 16 bln, not the 18 bln consensus. 2. New platform of handsets is delayed and will not reach stores before June/July. 3. ERICY has bowed to pressure from operators and will accept QCOM chiprate for 3G. So far 14 mln shares have been traded in Stockholm today, the stock has rebounded from a low of 23 5/8 and are now trading at 24 7/16. I give rumor number 1 and 3 zero probability and rumor number 2 no more that 10-20 precent probability. This looks like a good time to buy more shares.

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