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

To: lkj who wrote (46720)	10/31/1999 8:54:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 152472

OT: lkj - I suppose you believe that CSCO is worth $244 billion at its current market cap with sequentially slowing growth rates. You must realize that CSCO doesn't have leading edge technology anymore - they just buy it and maybe they're getting behind the eight ball in that arena. Technology is moving fast and lumbering giants don't have the swiftness in reaction against more technologically advanced upstarts. Why did CSCO buy Cerent for $7.7 billion (if Cerent is worth that, Foundry should be worth twice that and be selling for $260/share right now) if it were not for CSCO's fear of getting left behind. FDRY's market cap of $10.5 billion doesn't concern me at all - neither does it concern the target prices put out last week by some of the big boys. CSCO is losing a nice portion of their core router business to JNPR. So the attack is on and 300-400 new customers per quarter for FDRY means cha-ching, cha-ching. Good luck on your intended short position on FDRY but you should check out the recent tech articles and interview with FDRY's CEO (CBS-Marketwatch). Just like JDSU, they are taking the markets by storm. Their extraordinary growth rates are expected to keep up for the next 2 years and taper off into continuing excellent growth rates for the foreseeable future after that - JPM, Robbie Stephens, etc. have made recent remarks referring to that. I understand the volatility but this puppy is going way up, way up - small float, just coming out of its QP, phenomenal earnings - just what I look for to go long in an issue. The Street has already taken notice - you're skeptical - we longs love to climb a wall of worry vs. the skeptics. Good luck to you. jmanvegas