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

To: marginmike who wrote (65370)	1/31/2000 1:04:00 AM
From: MMW	Respond to of 152472

Hi Mike, I have been lurking in this thread for a while. I first got in QCOM early April and second entry in Sept. Right now, I am comfortable sit on the profit and watch its correction. I strongly believe QCOM will do well in next 5 years due to its position in CDMA and HDR. The China news may help reverse the down turn trend in the short term. The important thing for long term investors is its financial fundamentals. Last quarter results were pretty good, but not good enough to justify its high flying stock price. It is natural to have its value corrected. I think we are still in this corrective phase until there is up trend in its next quarter earnings, which I was very pleased that the management team has adjusted the expectation down so it can have a good footing for upside surprises. Best wishes!