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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%Nov 26 3:59 PM EST

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To: engineer who wrote (28361)4/26/1999 11:20:00 AM
From: DanD  Read Replies (1) of 152472
 
Lots of things. Looks like a fairly slow day everywhere else. IBM is up too. So maybe the quality quarterly reports are getting rewarded for no more news.
I know from other boards that some people were talking covering their shorts at 200.
There is still the split to come. I think demand for this stock is building in institutions. Lots of reasons for the stock to rise.
The article in WSJ about 1 billion handsets by 2004 probably helped as well. See my earlier post.
Maybe people think this is an internet play with real earnings to back up speculation. Now that would be a twist!!

Dan D
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