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.

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

To: Boplicity who wrote (58124)	12/30/1999 12:03:00 PM
From: S100	Respond to of 152472

Signs of bullish enthusiasm run throughout the technology sector. Qualcomm, a small Californian company with a big stake in a leading mobile communications technology, yesterday cemented its place in the record books as its stock market value topped $100bn - 25 times its level at the start of the year. The astonishing rise has made Qualcomm the fastest company ever to make the transition from promising upstart to $100bn giant. "It's unheard of for a company which is not a penny stock to go up 25 times," said Larry Grafstein, of Gramercy Communications Partners, a US telecoms investment firm. Even Microsoft, worth more than $600bn, took over six years for its market capitalisation to grow from $4bn to $100bn. The world's largest software producer has been among the strongest gainers in recent weeks, rising more than 28 per cent soon after it became one of the first Nasdaq-listed stocks to be included in the Dow Jones Industrial Average. Investors remain unfazed despite the threat of the US regulators' antitrust case that still hangs over the company. Link ft.com Search on Qualcomm