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

To: jmac who wrote (59237)	1/4/2000 8:54:00 AM
From: METMAN	Respond to of 152472

Qualcomm blamed for "artificially high Nasdaq" .... Report on today's market outlook this am ... don't have link, but found on Yahoo! earlier: "quoted material from article" "If you go by the S&P futures, it doesn't look good,' said Thom Brown, the managing director of Rutherford Brown and Catherwood. ``There will be continued weakness early on ... and it remains to be seen whether they're going to recover.' The benchmark 30-year U.S. Treasury bond was up 12/32 with a yield at 6.59 percent, a day after its steep fall on fears of more aggressive moves from the Federal Reserve caused stocks to plummet mid-morning. ``I think it's simply the chickens coming home to roost,' said Larry Wachtel, a market analyst at Prudential Securities Inc. ``We said last year that sooner or later rising rates are going to clobber us.' The bond yield was falling slightly in morning trading, but analysts said the mood was still negative. ``It's going to have to come down a lot more before people are reassured,' Brown said. All major stock indices ended 1999 at record levels in thin trading volumes, setting levels that some said were artificially high because the normal traders weren't in the market. ``This market is ripe for a correction of about 5 percent,' Brown said. ``Toward the end of the year it was just flying on a empty tank, especially the Nasdaq. Certainly the Nasdaq highs were artificial because Qualcomm was pushing it.' " -Looks like Mr. Brown didn't get into Qualcomm soon enough .... hmmm.... wireless .....hmmmm..... looks interesting .... hmmm..... Qualcomm? What's this? hmmm... -metman