Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: Ron M who wrote (417)	7/31/1999 4:09:00 PM
From: Eric L	Read Replies (1) \| Respond to of 13582

Clipped from the EMC thread (Post 7288): "In a July 27 hotline to subscribers, momentum investor Carlton Lutts reported that three of his four market timing indicators are in negative territory. He responded by retracting buy recommendations on four of the eight stocks in his model portfolio. "In Cabot's Model Portfolio, we're rating only the four strongest stocks buy," Lutts says, as each is showing exceptional strength despite the current market volatility." "One of these stocks is Qualcomm (QCOM). Shares in the communications equipment leader rocketed more than 200% year-to-date after a huge Q2 1999 earnings surprise and the settlement of a dispute with Ericsson. Qualcomm is now a key licensor of the CDMA, a digital cellular technology that offers superior performance, lower noise and a greater variety of services than analog cellular systems. CDMA is also the fastest growing digital standard in the world, and CDMA subscribers should surpass 30 million in 1999 vs. 20 million in 1998." "Someday, all over the world, wireless systems will carry more phone calls than phone lines," Lutts says. Qualcomm gets a royalty on every CDMA handset, each base station sold by licensees, and one-time fees from equipment makers. Qualcomm is also the leading CDMA handset maker. "Investors are accumulating this stock because they expect demand for CDMA products to keep producing profits for Qualcomm," Lutts says. He maintains his buy recommendation." Source evidently Carlton Lutts' recommendations ("Hotline," July 27, 1999, The Cabot Market Letter.) - Eric -