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To: Eric Wells who wrote (89107)12/30/1999 11:05:00 AM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Olu & Eric,

I was just going to watch Q this morning, but then the stock kept dropping. I set the limit buy and it went thru within 3 minutes. Used market to sell. The LvlI shows day's low as 639? Anyway, I am setting day limit buy again at $625. Have a limit short @196 for CRA.



To: Eric Wells who wrote (89107)12/30/1999 11:14:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
This is information from someone else but I checked and it is accurate:

"Piecyk's QCOM report basically took a number for earnings and revenues
in 2010 and discounted them back to today to get a $1000 target for
QCOM.

In 2010, he estimates that a total of 3 billion QCOM based CDMA handsets
will be sold at an average price of $180 and a QCOM royalty of 4.5%.

Note that according to the US Census Bureau, the current world
population is 6.034 billion people. At current rates of growth, in
2010, there will be a little less than 6.8 billion people. Remember
also that a large majority of these people don't even have telephone
service yet.

Piecyk thinks that in ten years, 44% of the world population is going to
buy one of these things, all in the same year. Note also, that the year
before, about 35% of the world population had already purchased one.

Oh yeah, and the average price of a handset will actually INCREASE over
the next ten years. And that there will be no competing technology in
ten years.

Yeah, sure."

No. But as I watched trades going through 730, I found myself thinking "I should short it - it's over-valued."

Really LOL <G>