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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (32810)	6/21/1999 7:33:00 AM
From: Valueman	Read Replies (2) \| Respond to of 152472

A Chance for S&P to Scream Yahoo! By James J. Cramer 6/21/99 12:16 AM ET Okay, Standard & Poors, show us what you are made of. Are you willing to let some new companies into your list of vaunted 500 stocks, or are you going to stick with those old hoary boring choices? Ascend (ASND:Nasdaq) comes out of the index this week. The deal with Lucent (LU:NYSE) at last closes. The vote's on the 24th. Who are you going to replace this $22 billion behemoth with? I've got some candidates. First, there is Yahoo! (YHOO:Nasdaq), $32 billion worth of belief in the Net and Net commerce that is one for real company with plenty of shares outstanding and plenty trading. There was a time when this stock was too illiquid to add, but not now. Venture capitalists, GeoCities shareholders, broadcast.com (BSCT:Nasdaq) arbs, they are all at your disposal. No excuses now. You either believe or you don't. Are you going to make it happen? I am betting that way. Maybe, though, you want to match it with telephone equipment stocks. Okay, how about Qualcom (QCOM:Nasdaq), Level 3 Communications (LVLT:Nasdaq) or Qwest (QWST:Nasdaq), a telephone line provider. All three are right up Ascend's alley, and only LVLT has a float problem. Qualcom and Qwest seem like naturals, if you believe that these companies are real as I do. QWST is liquidity personified. It is like the Atlantic Ocean! Or maybe you should be good Netizens and wake up to eBay (EBAY:Nasdaq) or @Home (ATHM:Nasdaq), two juggernauts that you may think are wildly inflated, but are plenty liquid. And is there anything more liquid at this point than Amazon (AMZN:Nasdaq)? All three are roughly identical in size to Ascend. Yep, this is the week when we find out whether the S&P feels that the new economy is the real economy. Alan Greenspan certainly believes so. The market certainly believes so. Do you?