Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: Ingenious who wrote (27510)	4/19/1999 9:40:00 PM
From: Art Bechhoefer	Read Replies (3) of 152472

QCOM has had more than its share of large traders trying to drive down the price and then come back in at a lower level, only to sell out when things look overbought. Again, the problem is that many people with financial training backgrounds simply don't understand technology, so they have no idea of the difference between a QUALITY stock like QCOM and a rather mediocre one, like AOL. Incidentally, I don't see AOL having such smooth sailing in the future. Their rather arrogant attitude towards volunteers and/or other part time resource people is going to get them into deep trouble, not just with the Dept. of Labor, but with the IRS. I say this from personal experience. One AOL issue that hasn't been discussed publicly is their policy of paying people royalties, rather than as part time employees. By trying to avoid the part time employee status, AOL so far has been able to avoid paying the employer's portion of social security. But the IRS rules on what constitutes an employee, compared with someone getting royalty payments could create a huge problem for AOL. You heard it here first!

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