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


To: Jon Koplik who wrote (65205)1/29/2000 6:23:00 PM
From: Wyätt Gwyön  Read Replies (3) | Respond to of 152472
 
Finally some good news>
Alan Abelson, the great contrary indicator, on QCOM:
Qualcomm, that marvel of levitation, which over the past year had risen from around 7 to 200, closed last week at 110 and change, off nearly 10 points Friday alone, on a downbeat forecast by the company. Since the stock, even after being nearly cut in half, is selling at a modest 387 or so times earnings, it's at least conceivable that the free fall has yet to run its course.