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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (36153)	12/29/1999 12:31:00 PM
From: bearshark	Respond to of 99985

Another B2B item I found interesting. quote.yahoo.com

To: bearshark who wrote (36153)	12/29/1999 12:34:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

bearshark, these b2b internet middlemen (heck i'm long one of those myself...it's losing money hand over fist, so it's guaranteed to make me some...) are extremely overrated. after all, why would companies that have done business with their suppliers for an eternity all of a sudden go and pay a middleman for the very same business? sure, there will be lots of transactions done over the internet...only who's really going to make money from that? as everything connected with the net there's loads of hype you have to dig through before arriving at something resembling the truth. the main beneficiaries of the internet's promise so far are the insiders selling their inflated stock to the public. insider sales at the best known internet names run in multiples of their revenues. obviously the insiders know something that the WS analysts have collectively missed, or why would they sell with such abandon? a ponzi scheme of giant proportions is what this is... hb

To: bearshark who wrote (36153)	12/29/1999 12:37:00 PM
From: MythMan	Read Replies (1) \| Respond to of 99985

Here is the razor sharp QCOM analysis.... >>Qualcomm (QCOM: news, msgs) shares, which two months ago were trading below 200, rose as much as 96, or 20 percent, to 599. Piecyk said he believes Qualcomm represents "an appropriate way" to invest in the long-term growth trends of wireless and data. Piecyk said that by the end of the next decade, 85 percent of phones sold will use Code Division Multiple Access (CDMA) technology, resulting in up to a $20 billion royalty stream for Qualcomm. The developer of CDMA wireless technology sells more than 90 percent of the Application Specific Integrated Chips (ASICs) used in CDMA phones and collects royalties for all CDMA phones. "Our 12-month price target of $1,000 implies 175x and 55x our 2001 profit and revenue estimates but is based on $800 for the present value of its royalty stream, $170 for 60x its ASIC profits and $30 for other assets," Piecyk said in his research note.<<