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.

Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: DownSouth who wrote (409)	12/16/1999 5:39:00 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 22706

>> Some of you deserve it. Anyone who put his stash into stocks like qcom/ntap/gmst etc. deserves it. They took the risk, and dared to be successful. >> Some of you are just lucky That, too <g>. >> some of you probably don't deserve it and will figure out a way to lose it all anyway! Stay out of margin and short term options and you'll be able to keep most of it in the worst case scenario. >> Jim Willie is a Quillionaire today God bless him, he deserves it. His TA gave a lot of weak hands the confidence to hang in through difficult periods. >> LindyBill is so rich, we may lose him to some more exclusive, more expensive investment club house. Surely you jest; we couldn't get rid of him if we tried <vbg>. The scary part is that tomorrow might be even better. cuf

To: DownSouth who wrote (409)	12/29/1999 10:48:00 PM
From: Eric L	Read Replies (1) \| Respond to of 22706

Jerry, << So, all you old farts out there. We had one helluva day, didn't we? JDSU up 21+, QCOM up 16+, NTAP even, GMST up 3+, PMCS up 12+...the list could go on and on with CSCO and MSFT an INTC >> That was then. This is now! For Your 1999 Curmudgeon Olde Fartes Scrapbook! Let it be recorded: QUALCOMM Incorporated 12/29/99 Real-Time Quote Nasdaq National Market Time of last trade: 4:00 PM Eastern Volume 14.53 Mil (well above average) Last 659 Change +156 Previous Close 503 Todays Open 562 7/8 Day's Low 503 Day's High 662 1/16 Todays Open 562 7/8 Volume 14.53 Mil (well above average) ========================================= 52 Week High 528 1/2 52 Week Low 25.31 YTD Increase 2432.2% P/E 529 Market Cap. 108.2 Bil 4:1 Stock Split effective 12/31/99 ========================================= At 10:25 PM EST trading on Island at >$700 Thanks for the above to PaineWebber (see article below) and CNBC who says says that CDMA stands for 'Cost Doesn't Matter' QUALCOMM CONTINUES METEORIC RISE ON BULLISH RATING December 29, 1999 11:19 AM NEW YORK, Dec 29 (Reuters) - Shares of wireless telephone technology developer Qualcomm Inc. QCOM continued their meteoric rise on Wednesday after a brokerage firm said it expects its stock price to double over the next year to $1,000 amid strong demand for wireless and data technology. In morning trade, Qualcomm hit an all-time high of 600, up nearly $100, and was trading just below that level at 11:18 a.m. New York time (1618 GMT). Qualcomm's stock has soared more than 1,800 percent this year. PaineWebber said analyst Walter Piecyk initiated coverage of Qualcomm as a "buy" and set a bold $1,000 price target, saying the San Diego, Calif.-based company offers a way for investors to bet on the growth trends of wireless and data. Qualcomm, which developed the wireless telephone technology Code Division Multiple Access (CDMA), licenses the technology to other manufacturers and collects a steady royalty stream. Qualcomm sells over 90 percent of the sophisticated application-specific integrated chips (ASICs) chips used in CDMA phones and collects royalties for all CDMA phones, Piecyk said. By the end of the next decade, 85 percent of wireless telephones sold worldwide will use CDMA technology, up from 18 percent today, Piecyk said in his report. This would create a 45 percent compound annual growth rate for CDMA and up to a $20 billion royalty stream for Qualcomm, he said. Other Wall Street analysts also see Qualcomm as a way to bet on the exploding wireless industry without having to gamble on any one service provider or manufacturer. Other analysts, however, have more modest price targets for the stock. Last week, Lehman Brothers raised its price target to $520 from $450 and JP Morgan raised its target to $570 from $460. "Wireless is more exciting than wireline access. And with Qualcomm, you don't have to pick the right manufacturer. If Motorola wins, if Lucent wins or Nortel or Nokia or Ericsson, they don't care. Either way, Qualcomm gets a piece of the action. It's a safe bet on wireless," said Salomon Smith Barney Alex Cena, who has a six- to 12-month price target of $600 to $650. Qualcomm's recent agreements to sell its money-losing telephone handset business, and the sale of its wireless infrastructure business leaves Qualcomm mostly a chipset developer and research company. Qualcomm has said it sees itself as a developer of technology and innovations rather than a manufacturer. It will collect royalties on its developments as other companies deal with the hassles of manufacturing and distributing products. In addition to wireless technology, Qualcomm continues to incubate other innovations and products. Qualcomm, which spun off wireless telephone company Leap Wireless International Inc. LWIN , has said it is currently studying how to distribute motion pictures digitally instead of by film and is working on speech-recognition technology. While Qualcomm's 1,800-percent rise this year would be tough to replicate, analysts said they still see strong growth potential for the company as the demand for wireless phones continues to explode and wireless data services mature. "For Qualcomm to be up 18-fold next year is unreasonable to expect, but could you get a 40 percent move in the stock next year? Sure," Cena said. (( Jessica Hall, New York newsroom 212-859-1729)) REUTERS © 1999 Reuters. Happy New Year! - Eric -