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

To: John Hayman who wrote (39812)	9/5/1999 12:31:00 PM
From: Uncle Frank	Respond to of 152472

John, thanks for retrieving those examples of Q's volatility. The upward trend has been so rapid, it's hard to remember that I was briefly upside down on specific purchases while I have been accumulating Q (all done now; no more money <g>). >>Then for all of you real old timers, go back a tad more....on April 14, we hit 177, and 4 trading days later, April 20, we were bouncing off of 123. By that standard, even I qualify as an old timer <1st buy on 4/5 at 70 3/8>. Prepare yourself to take a little grief from the true long termers, guys like Tony Strickland and Mike Piturro, for that remark <g>. Frank

To: John Hayman who wrote (39812)	9/5/1999 2:25:00 PM
From: Ritch	Read Replies (1) \| Respond to of 152472

John - Thank you for putting this drop in price into an historical perspective. I have been in Q since 4/5 and had forgotten the previous drops. This should be of particular interest to those that are newer investors to the Q. There was one error in your post though: The funny thing about this, I bought more q on May 25, at 94, this being my last buy. ( This all pre-split prices, which would make my buy at 47). The Q split on May 10th. The $94 that you bought at on May 25th was already a post-split price. Sorry to tell you that your investment has only gone up by 74% since then. <vbg> Ritch

To: John Hayman who wrote (39812)	9/5/1999 3:32:00 PM
From: MileHigh	Respond to of 152472

Well said! MileHigh

To: John Hayman who wrote (39812)	9/5/1999 3:41:00 PM
From: gc	Read Replies (2) \| Respond to of 152472

Past corrections were induced by concerns of earning slowdown. These were just concerns and proven later untrue. Particularly last correction was started by a WSJ report about Korea government regulatory change. QCOM management came out to diffuse the concern. This time, it is different. QCOM management itself sent a messenger to warn the investment community of intensifying competition, price erosion, component shortage, margin slipping. More importantly, these problems will continue well into next year. No end in sight yet. On the other hand, stock price has risen 12 folds. No one knows how far it may fall.