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

To: TCGNJ who wrote (72524)	5/26/2000 8:41:00 AM
From: Ibexx	Read Replies (2) \| Respond to of 152472

The answer to your question is yes and no. The credibility of specific recommendations is unavoidably tied to the sponsoring brokerage's (investment banking) relationship to, or their own position in a specific stock. But SSB is a quality outfit, no doubt, and it's now a party of CitiGroup. I used to have an account there before the merger, but closed it because of personal reasons. Ibexx

To: TCGNJ who wrote (72524)	5/26/2000 9:18:00 AM
From: JohnG	Respond to of 152472

TCG. Alex Cena has followed QCOM for quite a while and is quite knowledgable. I respect him most among the analysts following the stock. The China stories are being interpreted as quite a negative. But as someone from QCOM said last year, "You never know about China." In China, deals are never quite complete--it's like negotiating a sale with Tom who you think can make a decision and at the end of the negotiation having him say, " I really like the deal and I am going to recommend it to Harry who has to approve it." Then Harry calls you up, you meet with him, and he demands yet more concessions and alters the first deal but in the end you satisfy Harry and are ready to close the sale. Put then Harry says, "I am sure I can convince Tom to accept these changes--why don't you run it past him---but I want to tell you now that I am recommending the deal we have negotiated to Charley. So you say to Harry, I thought that You could negotiate a final deal and get Tom to go along. Harry says, I can, but I am very dependant on Charley for support in other areas of my department and wouldn't proceed without Charley's approval. So you go talk to Charley and fond out that he wants to renegotiate half of the deal making a few changes that disappoint Tom and Charley. You get the picture. There seems always to be a higher authority or an additional party to please. Someone once said that in China, the key question to ask is whether the Army wants it. The Army usually gets what it wants. China is just a few steps away from a mititary state. JohnG