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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: blue_lotus who wrote (1636)2/11/1997 7:23:00 PM
From: Timothy Tashjian   of 1819
 
Neeraj,you are a momentum investor is a momentum stock. Look what happened to COMS,CSCC. There is absolutely NO room for error here. It might go higher before the major collapse. It has good technology,but 2% gross profit?I feel a cratering coming soon, I still think the company is alright,but the stock is in deep trouble. Why did 10 insiders offer to sell about 250,000 shares? And they did it well before the news, so as to be legal. I think they believe the stock is going to crater. Sprint will not have th capital to expand,I dont think after repurchasing shares of Sprint PCS. Does anyone know how many new subsribers there are? I saw in Ericcson's news that U.S. growth was the slowest in the world,Asia the fastest. Is QCOm to tied to expanding in the U.S.? Tim
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