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

To: StockHawk who wrote (47602)	11/3/1999 1:21:00 PM
From: SpudFarmer	Respond to of 152472

TL: Good idea! Stockhawk: We're all Q-uaking in our boots! : )

To: StockHawk who wrote (47602)	11/3/1999 1:28:00 PM
From: RoseCampion	Read Replies (2) \| Respond to of 152472

Re: CNBC - "On the downside, selling its phone unit could prove costly if the buyer opts to use a different company's chips." No folks, this is an admittedly clueless but absolutely wonderful thing to have been said to a national audience. Don'tcha see? Of _course_ we all know that anyone who buys subscriber is going to have to sign a veeeery long-term contract to use Q asics. Q wouldn't dream of selling the division to them otherwise. So when the handset sale _is_ announced, and it's clear that the sale includes conditions/contractual terms that buyer can't and won't "use a different company's chips", it can now be perceived as a huge positive for Q, rather than just a "duh, of course". I am grateful when somebody sets up a strawman in my front yard, especially when I know I've got the match to burn it down already lit in my hand... -Rose- PS Agree with poet here - I'm not planning to buy back my small stash of Nov250 covered calls yet - don't like to have to pay big premiums in the midst of euphoria - think we will see a pullback before expiration on the 20th. Time value premium will be lower then, as will implied volatility, even if Q's price is still in today's range. (Though my analysis software says they're actually _undervalued_ right now (by 7% or so) at 10 5/8...)