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

To: Neal davidson who wrote (58906)	1/2/2000 4:49:00 PM
From: Catcher	Read Replies (1) \| Respond to of 152472

re barrons: q mentioned 5 times. ableson quips, brief reference to PW target, a few paragraph's re phenomenal 1999 (pg 26), paragraph re PW analysis , and a paragraph on in The Trader section. The 59 1/2 price increase for the week also noted on page mw6. about time...to think i used to look to this publication for "stock tips". that was before i logged onto threads like these. very thankful to all.

To: Neal davidson who wrote (58906)	1/2/2000 5:15:00 PM
From: Ruffian	Respond to of 152472

Qualcomm's CEO Jacobs Sees 'Lot to Come': Comment (Update1) (Adds multiple of stock's increase to first paragraph.) Washington, Jan. 2 (Bloomberg) -- Irwin M. Jacobs, chairman and chief executive of Qualcomm Inc., speaks about prospects for the wireless telecommunications industry and his San Diego-based cellular telephone company, which was the best performing stock in the Standard & Poor's 500 Index last year, rising 27-fold. Jacobs appeared on the ABC television program ''This Week.'' ''The wireless industry is growing very rapidly worldwide. CDMA (Qualcomm's code division multiple access technology) is a growing part of that wireless industry. Voice will clearly continue to go from wire to wireless. And now we're looking at wireless data, wireless Internet access. So there is a lot yet to come. And it is a very exciting time for us.'' Jacobs acknowledged that 1999 will be a tough act to follow for his stock, which rose more than 27-fold during the year, and for the broader markets, including the record amount of money raised in initial public offerings. ''It's going to be very difficult ... to duplicate that. Yes, I'm sure there are some stocks there that have benefited from this exuberance, as you call it. But overall, I think that looking ahead, and not by the week or the month, but just looking ahead in general, technology is going to continue to boom. There are all kinds of exciting things happening. Consumers will want those exciting things. Businesses will make use of them. And it will continue to improve the economy,'' he said. ''So we'll continue to see high levels of employment with, I think, fairly moderate inflation. And that, of course, is what everybody hopes to continue,'' the CEO added. Jacobs disputed the idea that day traders and self-styled stock pickers are pouring money into hot stocks and pumping the prices up beyond reasonable valuations. ''Well, there's always some danger, but in fact the institutions are there as well, the analysts are there. It's always hard to say what the right value for any stock would be. You have to look ahead and try to decide where it's going.'' Qualcomm's chairman said he looked forward to new technological breakthroughs in the future. ''Clearly there are going to be some companies coming along, you mentioned the possibility of some bright new idea, not necessarily supplanting Qualcomm, but a bright new idea coming along and gaining support. And I think that will continue to happen. I think our economy is set up to allow that to happen. And I think it is very exciting,'' he said. ''Now whether we'll get the same kind of gains we had this year, I mean that was a remarkable year. But again, a lot of things are going right for us and I think we will see technology continue to provide a significant market boost,'' Jacobs stated. He added, ''I can't obviously predict where we're going in the future. All I can again point out is that wireless, I believe, will continue to improve.'' ''What we're looking at is what had been a wireless telephone -- our cellular telephone -- now becoming our computer, now providing us with position location information. It's going to be an exciting new world for wireless, and for cellular, and for CDMA,'' Jacobs said. NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.