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Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: Kent Rattey who wrote (1706)	12/24/1999 1:31:00 PM
From: Robert Sheldon	Read Replies (3) \| Respond to of 2702

The NOK rumor moved QCOM about 70 points last week. I'm curious . . . How do you know this? Certainly you do not believe that correlation means causation! Seriously, QCOM moved for many reasons last week, but it was not just due to NOK. I've owned QCOM since the $30s, and never has the stock traded for one reason. Even when it launched after the last earnings report folks said that the move was due to the "split". Hogwash. The institutional folks I spoke with pointed to the royalty rate being verified at ~5% (I came up with the same #). This almost assures that QCOM will see >$4 per share in earnings off royalties ALONE next year (the street is only looking for ~$4 for the ENTIRE company). Anyway, my point is that there are several things that ran VARL last week. A rumor may have been one, but there were other reasons. Institutions ARE moving into the stock. Perhaps that should turn some heads on this thread.