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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (4792)	2/23/2000 10:33:00 PM
From: Percival 917	Read Replies (1) \| Respond to of 35685

Hi Dealer, I think we have seen a change in the market's reactions to QCOM than what we were used to. When Q was having it's incredible run last year, it seemed that every bit of good news made Q pop a bit more than it realistically should have. Now caution tends to rule and when we get good news and it may move a little, but get a dose of even slightly less than good news and we get an overreaction to the negative. I think that this a norm we will have to get use to after any high flyer has a run and then needs to consolidate. There will be some misfires as the stock starts to make a new move up. There are still very high expectations here and any hint(ie. China) of news that may be perceived as negative will cause this knee jerk reaction. Once we get solid news like a Nokia deal or other, the stock will rise on a more steady course IMO. Joel