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

To: Uncle Frank who wrote (35878)	7/19/1999 6:54:00 PM
From: Morgan Drake	Read Replies (1) \| Respond to of 152472

Let's see. I'm an institutional money manager. I'm looking for the next "castle in the sky" stock. Do I buy the commodity producer where there is an oversupply of all factor inputs relative to demand, and where supply vastly exceeds demand, or do I buy the one which owns the standards and IPRs and where industry demand is outstripping supply causing factor input shortages. Hmmmmn. Decisions, decisions. Morgan P.S. Anyone hazard a guess as to where IBM and MSFT institutional money goes tomorrow?

To: Uncle Frank who wrote (35878)	7/19/1999 7:27:00 PM
From: ronin	Respond to of 152472

with apologies to Simon & Garfunkel.... "Where have you gone, Greg Powers, A nation turns its lonely eyes to you (woo, woo, woo) What's that you say Mrs. Robinson, joltin' Greg Has left and gone away (hey, hey, hey, hey) "

To: Uncle Frank who wrote (35878)	7/20/1999 1:14:00 PM
From: HeyRainier	Read Replies (1) \| Respond to of 152472

Uncle Frank, It is possible for a company to grow too fast. It could cause a little bit of a cash drain (note that it has been shrinking), but that can easily be addressed by selling more equity in the markets (I believe that is what they are doing). They are in a good situation though, where the economics of the business are currently attractive, with demand outstripping supply, and so forth, so increasing one's position in a period of weakness may be an attractive approach with regard to QCOM. Interesting to note that the opening price was never anywhere near the lows in the after hours. Rainier