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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!
QCOM 175.25+0.6%Dec 19 9:30 AM EST

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To: Chris Reeder who wrote (1630)2/11/1997 6:46:00 PM
From: Timothy Tashjian   of 1819
 
Chris, I am getting a very bad feeling,very bad. I think its time to short this one. I have a feeling TCI and COX will be bailing on their wireless to get cash back from Sprint PCS. Sprint will choke on the billion dollars it will have to shell out to acquire majority of Sprint PCS and will refuse to expand it until adequate cash flow is there. This leaves QCOM holding the bag,no where to go. So they are thinking they can fund it internally,well maybe they can but with a p.e. of over 100,and a gross margin of 2%,how are they going to do this? Stock is ready for a dive big time. Tim
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