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

To: Wyätt Gwyön who wrote (46484)	10/29/1999 10:36:00 AM
From: DownSouth	Read Replies (1) \| Respond to of 152472

Mucho Maas, there is an important distinction between the Dell situation and the QCOM situation. Dell had no IP to protect it from eroding margins and competitive mimicking. QCOM is an IP company and the barriers to entry are huge for its competitors. The stock price is just part of the picture. In Gorilla Game terms, Dell is a "King". QCOM is a "Gorilla". These terms are precisely defined and let you know how to handle the LTBH situation. "Hold Royalty lightly." "Hold Gorillas, as they are almost always undervalued." JDSU is a King, imo. Now, if you are a trader or a momo investor, none of this means a darn thing to you. <g>

To: Wyätt Gwyön who wrote (46484)	10/29/1999 10:44:00 AM
From: 16yearcycle	Read Replies (1) \| Respond to of 152472

Mucho, we'd agree on 99% of all things I'd bet but here is the problem: when would you have sold Dell? If you had the foresight to buy it in 1994 and held it, so what if it is down since January? Would you really have had the sense to perfectly time the sale? All I am saying is we are punching out incredible numbers,(I am up over 200x since April 1990 and will soon retire from my "day" job), buying these fantastic companies, and the risk of exiting them and having them soar is higher than the gain you get by selling and trying to buy back much lower because of capital gains.