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

To: marginmike who wrote (37316)	7/27/1999 10:21:00 PM
From: Douglas W. DeVries	Read Replies (1) \| Respond to of 152472

I've been a lurker on this thread for the most part. I have learned the hard way not to try to time this one. I sold prior to reporting of first quarter earnings and immediately bought back when I saw the stock exploding skyward. Not breaking 156.5 today may be troubling to you Mike, but I think you'll be well rewarded for patience. I have to admit I sold a little Q yesterday to fund a purchase of SFE. I have a client who has made a fortune in his holdings of this stock alone, not including the value of his Novell which was brought public by SFE through a rights offering. Whenever I become doubtful I pull out a copy of George Gilder's newsletter and thank my lucky stars that I own a chunk of QCOM that I will never sell. Regards, Doug

To: marginmike who wrote (37316)	7/28/1999 10:22:00 AM
From: JohnG	Read Replies (1) \| Respond to of 152472

MikeM. Looks to me like we are in a period where funds are rebalancing their portfolios and its no reflection on Q's investment value. Funds that have huge appreciation on Q are selling their winner and buying some other stocks (probably w/ less potential) to be prudent and "balance risk." Other funds see Q's potential and are adding it to their portfolios. This could go on for a while if funds owning disproportionate amounts of Q want to rebalance, but refuse to sell it at a low price. Qualcom's unexpectedly large offering sopped up much index fund demand leaving S&P speculators w/ much stock on their hands. JohnG