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

To: Mr. Sunshine who wrote (40716)	9/13/1999 5:49:00 PM
From: biostruggle	Respond to of 152472

Long timers know Q used to get hammered by certain analysts . The stock would drop and recover with time. Q only very rarely replies to refute these Wall Street shenanigans. They skipped Cohens meeting on Monday to give a detailed presentation on Wed. I bet on thursday there will be a lot of short covering.

To: Mr. Sunshine who wrote (40716)	9/13/1999 7:54:00 PM
From: jmac	Respond to of 152472

I thought Q management has been meeting with analysts for the past week. Is there a special one on Wed. I am out of the Q since 170 and looking for a re-entry point. I also have Q stock in my IRA with Jan 165 calls written against it. If Q closes above 165, I got over a 30% rate of return for 5 months. On the other hand, a big downdraft gives me the opportunity to buy the calls back and hold the stock. I thought 158 would hold. Don't know where the next support level is. Do you?

To: Mr. Sunshine who wrote (40716)	10/6/1999 8:39:00 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 152472

Steve, I was looking through some of the posts on the G&K thread, and came across #1000, which was from you. At the time, I was considering taking a position in Q, but was put off by the meager gross margins. You posted the following on 4/3, which was a Saturday: "...As a result, they generate meager 3% gross margins..." Frank, keep in mind that QCOM has recently shed two of thier money losing ventures. They spun off Leap Wireless (LWIN) in October and have now sold the infrastructure division. Both of these ventures fulfilled strategic goals, but were large negatives on the balance sheet. With the disposal of these two net income draining items, the substantial increase in almost 100% margin royalties, and an increase in ASICS and phone sales, gross margins will explode. Do not overlook that this company has numerous "hidden" value items that are not necessarily reflected in the share price. OMNITRACKS is a cash cow and growing, especially internationally. Eudora is one of the most popular e-mail programs. WirelessKnowledge, a joint venture with Microsoft will probably be spun off in the next year or two. Globalstar service should launch this year (QCOM has 7% ownership and major equipment supply contracts). CineComm was a total surprise to most of us at the most recent annual meeting, but Dr. J seems to think it has tremendous potential. They have some military contracts, although they are highly classifed and not talked about often. QCOM also has a large R & D budget, allowing them to come out with new surprises fairly often. I agree with Michael Murphy, editor of the California Technology Stock Letter, that R & D is the lifeblood of the high techs and should be added back into net income as it is more of an investment that increases shareholder value than an expense. (Ironically, Michael Murphy did not believe in the Q. I asked him his opinion on QCOM at an investors conference he spoke at a couple of years ago, and he was pretty doubtful about CDMA). The Tornado is coming. It is going to be a Whopper. You are on the beach and can see the funnel cloud. It has already lifted ships out of the water. Do you need to be in the center of the darn thing before believing? I bought at 140 3/4 on Monday, and currently have 85% of my portfolio in Q. I just wanted to thank you for your generosity in taking the time to explain Q to a newbie. Best regards, FranQ btw, are you always so absolutely correct?