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

To: Percival 917 who wrote (39278)	9/1/1999 2:00:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 152472

>There is nothing in the fundamentals to cause this kind of a drop. You're missing the point. There was nothing in the fundamentals to drive the price to 195 either. It was fund manipulation and end-of-the-month tape painting. Now the funds are leaving, and the price is going to drop. That's all there is to it.

To: Percival 917 who wrote (39278)	9/1/1999 2:13:00 PM
From: Don Edgerton	Respond to of 152472

China is a problem because the trade talks fell apart. Part of the deal was to open China's market to CDMA. Believe this is on hold. Wild card in China may be GSTRF satellite phones. If it catches on as status symbol- will take off. I suspect (But cannot confirm) that intra country and external long distance is still expensive. Maybe more than $1.00 a minute. Also most businessmen using a hotel phone really get ripped. This will not have a real impact for about 12 months. Even if Q only "meets" estimates, yoy is really great and 2-3 year growth supports P/E. Then if T comes aroundto CDMA and 3G starts roll out we may see acceleration. Christmas will be bang up quarter - if Q can build the phones.