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

To: Ruffian who wrote (39583)	9/2/1999 9:17:00 PM
From: JohnG	Respond to of 152472

Michael P. What a bunch of Nervous Nellys--dipping the stock to ~$158 and providing great buying opportunities for those who know the score. This gives Q mgt a nice backdrop against which to paint their usual conservative picture in the upcomming analyst conference. I listened to the Q3 QCOM conference call and they just indicated that, although component supply was growing, it still wasn't adequate to meet demand and this would continue through Q4 & int the fall. I listened to the SAWS June conf call and they indicated their efforts to add capacity for SAW filters were underway with adequate supplies of raw materials from their suppliers. SAWS officers admitted that they hadn't taken their customers' forecasts as seriously as they should have. I don't see any cause for panic by these idiot sellers. Just a opportunity for stronger hands with cooler heads. Shortages usuallly indicate price maintenance and that you have a super product. JohnG