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

To: marginmike who wrote (41083)	9/14/1999 11:33:00 PM
From: Jack Jackson	Read Replies (2) \| Respond to of 152472

Marginmike your famous!!!! All Aboard On the message boards: 'Red' tape sinks China.com Also: QCOM bounces back By Shawn Langlois, CBS MarketWatch Last Update: 10:07 PM ET Sep 14, 1999 NewsWatch Join the discussion Some disturbing news hit the tape for China.com on Tuesday. Looks like the Chinese government will try to preclude foreign investors from sinking cash into China's burgeoning Internet sector. Judging from the direction of China.com's (CHINA: news, msgs) stock price, investors didn't like what they were hearing. See news release. On Raging Bull, ExpatUS explained his reservations on investing in China: "I am an ex-patriot living in Seoul, Korea, and I would be very careful investing in an Internet company in a country that has more bicycles than phones. I don't doubt that some day China.com might be a viable company but, China is a country that thrives on 'SLOW' process. Does anyone really think that China will provide ISP services to its citizens to allow the free flow of thought when it still jails students for posting flyers on walls? I would highly recommend that before you invest you not only do your due diligence on the COMPANY but also on the COUNTRY." Today on CBS MarketWatch Dow sinks following retail report Oracle meets Street targets AOL to triple shares Disney shares withstand Hurricane Floyd Silicon Valley eyes the U.K. More top stories... CBS MarketWatch Columns Updated: 9/14/99 4:34:26 PM ET Chubba, on CBS MarketWatch, shared a similar point-of-view: "I think its always sketchy investing in a country with a maniacal government like China.You really don't know what they're gonna do next. The Net is big and getting bigger in China and China.com stands to be a huge gainer, but if the government heavily regulates foreign investment, this company could be in big trouble." Qz added a bit more venom to his post: "Commies clamping down on Internet Service Providers in China ... suffocating investment by stifling freedom!" On The Motley Fool, Huhnba supported China.com and broke his own set of investment rules: "President Clinton is making gestures toward giving China most-favored trade status, the Chinese are just beginning to get into the Internet and AOL makes few mistakes. I'm thinking about holding this through the trials and tribulations ...We are holding this with precious little information -- that's the hard part -- I want to call this a rule-breaker. It's a little like playing a slot machine." China.com has enjoyed a tremendous run this month, but this 18 percent drop has investors re-assessing the situation. Will the government put a wet blanket on CHINA? QCOM - back It's been as gut wrenching couple of days for Qualcomm investors. On Monday, when the company pulled out of an investor conference citing "conflicting schedules," investors took the news as a bad sign and fled the stock. What a difference a day makes. Shares of Qualcomm (QCOM: news, msgs) bounced back, up 12 percent on Tuesday, on reports of a strong fourth quarter -- more than making up for Monday's retreat. With heads spinning, investors hit the message boards. See related story. MarginMike, on Silicon Investor, tried to steady the ship: "Last week there was nothing wrong, only a perception that something was wrong. We now know there are some problems, but they are not new ones. The overall trend is still positive." GeorgeG didn't think QCOM was out of the woods just yet: "Don't underestimate the short-term memory or the stupidity of the investor. Everyone forgot why this thing dropped. Of course they forgot -- the company put a Band-Aid on the rumors. It could be no big deal for QCOM what occurred when earnings came out but then again, the stock is up so much that perfection is required for it to keep going. I guess they are not looking at the handset concern today or forgot why this thing got derailed off the high in the first place. Only time will tell." "The psychology here is amazing," posted RiverRunner on Raging Bull, "I suppose this turmoil will continue until the investor community begins to trust this company better. As we longs knew all along, this company is gonna continue to achieve greatness." JeffC, on The Motley Fool, was one long-term shareholders whose faith was slightly shaken: "It is obvious to me that this stock is just looking for a way to go lower. I don't think the company or any fundamentals have changed, but people are looking to get out. I do think the stock will go lower, much, much lower." But that die-hard Qualcomm spirit shined through as he continued: "And just to quash any comments about me selling short, I will buy more as it plummets." Shawn Langlois is community editor for CBS MarketWatch. Printer friendly format Refer this article to a friend For more breaking news, visit our Front Page. Also, search our news archives: Ticker Keyword (For more options use our Advanced Search) CBSMW MarketPlace Personal Finance : • Get 3.9% APR and 5% Cash Back. Get the Wingspan Platinum Visa • Let the Loan arRanger find you the best rates. Visit our Loan Center. • Finding your dream car has never been easier. Visit our Car Club. New! • Free insurance quotes. Visit our Insurance Center. New! • Get a free copy of your Credit Report online. New! Investing: • The Direct Investor Center, the premier place for direct stock investing. • Access over 250,000 investment research reports. Free membership! • Free subscriptions to top performing financial advisory publications! • CBS MarketWatch LIVE:real-time equity quotes and news over the Internet. •