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

To: 16yearcycle who wrote (45391)	10/20/1999 10:13:00 AM
From: Boplicity	Read Replies (3) \| Respond to of 152472

maybe this.. << Pay Attention to Mr. TV By James J. Cramer 10/20/99 9:58 AM ET Had to blow out of my Nokia (NOK:NYSE ADR) this morning, even though I figured the Fins would finally figure out the darn conference-call gig and print a good number with a good outlook. But my GO Network link shows that Brian Ross is doing a piece on cell-phone safety and radiation tonight on 20/20 and be darned if I am going to be fodder for that kind of report. >> G

To: 16yearcycle who wrote (45391)	10/20/1999 10:38:00 AM
From: engineer	Read Replies (4) \| Respond to of 152472

Some of them have to do it. Since QCOM ran up so fast this last year, they are FORCED to sell (Gregg Powers included) to maintain balanced portfolios. It goes something like this. Comm sector holdings of a fund has to be 20% according to the prospectus, last year they hear about QCOm and buy in in a big way so that perhaps 8-10% of the fund is QCOM, then QCOM goes up 10 times the price and now they have the percentage at 45-50% of the total fund. Since they are mandated to be at 20% for communications stocks, they MUST sell off QCOM to even keep this one position at 20%. If they still want to maintain a balanced portfolio in the comm stocks, then they have to sell off like 60% of the stock. Most fund managers DO NOT LIKE doing this one bit, but they must in order to satify the stated fund performance guidelines in the prospectus. October is the balancing month and they must get back to the year end reporting to keep the prospectus clean for next year.