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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 172.29-2.2%3:59 PM EST

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To: radames who wrote (25704)4/1/1999 9:23:00 AM
From: John Dough  Read Replies (1) of 152472
 
There was 3 years worth of pent-up demand for this stock. It's been stuck in a trading range for the past 3 years, while earnings grew at over 50% annually. Now that virtually all of the fear, uncertainty, and doubt have been removed, it's just getting to where it should have been, very quickly. If we had gotten to this level gradually, nobody would be questioning the valuations.
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