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To: tero kuittinen who wrote (2262)9/20/1999 12:21:00 PM
From: Bux  Respond to of 34857
 
I wasn't aware that anyone is judged by the stocks they miss... I thought your performance is based on what you hit. Should we all admit we are losers, since most of us missed AMZN in 1997?

Of course, I wasn't spewing arguments that AMZN was doomed and I don't consider myself an internet stock analyst.

If competence is really evaluated on a performance of a single year - how would you evaluate the competence of people who recommended QCOM for the year 1998?

As wise investors. I held MSFT for a number of years before I invested in QCOM and I can tell you there were entire years in which the share price of MSFT was flat to down. My returns for holding through it all have been unbelievable.

If you think that QCOM decision of timing the handset announcement is a result of strategic vision you are in the fringe. The company was pushed into that announcement by plummeting share price. They had no choice.

The timing was not the hard part, that was easy, get out when phones have become commodities. The hard part was getting into manufacturing in the first place, the fact that they had no choice does not diminish their wise decision to enter or exit the handset market. What is your bone anyway?

Bux