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: Ruffian who wrote (44493)	10/13/1999 11:25:00 AM
From: Big Idea	Respond to of 152472

Primarily myself, but my larger trades and research comes from Merrill (Canada) and I use Waterhouse for online trading. I don't like to rely on one medium for my trades and a don't mind paying more for a trade when I perceive I am getting value from a full service offering. That being said, I don't think my guy at Merrill is a genius either - since 15 analysts that follow Q have it as a moderate to strong buy - recall the article from mid Sept. when we were $186- from SmartMoney Analysts seem to view it as a license to print money, pointing out that Qualcomm will get a royalty on every phone that uses its chip design -- a design they say is the best for sending data over wireless phones. Dale Pfau of CIBC Oppenheimer raised his share-price target on Qualcomm to $250 this week for what he calls a "pretty simple" reason: The company is now essentially a chip manufacturer without any factories, making the potential profits on each of its sales extraordinarily high. Of course, revenue will grow more slowly because Qualcomm will have fewer businesses, but Pfau doesn't care. "Profit is what you pay for in a wireless-hardware stock," he says.