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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: marginmike who wrote (30959)5/26/1999 8:56:00 AM
From: Jon Koplik  Read Replies (1) of 152472
 
And furthermore (regarding improved rating on QCOM's debt) -- I think there is still some population of investors out there who do the following when "checking out" a stock :

Instead of looking at the Internet (or what Wired magazine thinks), they will check out the (print form) S & P Stock Guide (unchanged in format (and "technology") for literally decades).

One item of data for each company in the Stock Guide is the "S & P Common Ranking and Preferred Rating."

Although this is not exactly the same thing as what started this question, it is similar. It is a general assessment of financial stability and what I think of as "is this actually a 'real' company ?"

(In my most recent copy of the Stock Guide (January 1998), Qualcomm has a rating of "B" (with an up arrow next to it; an improvement from B- previously, I guess)).

The (potential) Moody's rating increase on Qualcomm should be expected to cause some marginal improvement in the number of buyers for Qualcomm stock, due to a few incremental people and institutions now feeling "comfortable" with the company.

I think this is much more important than the (possible) slight savings on debt servicing expense (due to a higher Moody's rating).

(Sorry this is such a windbag response).

Jon.
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