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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.25

+0.6%

Dec 19 9:30 AM EST

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To: Ramsey Su who wrote (30324)	5/19/1999 1:12:00 PM
From: bananawind	Read Replies (1) of 152472

Ramsey, I was on the road yesterday when the WSJ stuff hit. First take on having my assistant read it to me was "what a bunch of horse-hockey, I hope it goes down a ton so I can buy more." When I got back to the office this a.m. and saw Q's press release I was even more convinced that, once again, WSJ and the dark side were doing a typical hatchet job. The underlying message I got from the release was, "hey, what Korean bubble in our march earnings? Looks like we underestimated royalty for the period and, by the way, next quarter looks even stronger than the last." When Irwin speaks, everyone should listen as hyperbole is not his style. As Maurice knows, Irwin's very, very's are MIT-exponential-very's and carry a lot of weight. My buys were executed this morning. Best regards, Jim

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