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To: Teflon who wrote (4378)	3/10/2000 4:27:00 AM
From: London Brian	Read Replies (3) \| Respond to of 8096

Teflon, I was at this shareholder meeting on tuesday. I was in QCOM all last year, and now own a boatload which I use to write puts on other stocks. From that meeting, I got no impression that Q is going to be spinning off any parts of it's business. The following comments were made about OnmiTracs: - It's a great way for Q to learn how to provide customer service. - Because they operate the system the get income every month from each unit they sell. - 47 of the top 50 trucking companies use this system and they consider the competion almost non-existant. - The system is now used to track truck drivers. There is opportunity to use the system for tracking loads of goods. From the way they talked about OmniTracs and Eudora I believe there is no interest in selling these units. They seem to be very happy with the returns they've gotten by investing in internet and other startups. I would look for this to continue more. Overall, I left the meeting a bit dissapointed. They have good arguments for why CMDA will eventually rule the world, but now they are a defender company and people are always looking for chinks in their armour. I'm not planning on selling stock at these levels, but I will write more calls when it gets back above 140. I'm confident this stock will see 200 this year, but how far can it go from there. I talked to several investors at the meeting who seem to think the stock "could" double 1 or 2 times in the next year. To me, this is an imposibility given what the market cap would be. At one time, I also thought "Gee, it doubled 5 times last year. Why not 2 more times?" I've come to my senses and realized it just isn't going to happen anytime soon. I did get a very positive impression of GMST from the QCOM meeting. -Brian