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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: cfoe who wrote (11816)	6/8/2000 1:32:00 AM
From: The Verve	Respond to of 13582

Cfoent, I agree with your assessment that unless one closely follows Q, it's very easy to be misled and confused. I'd imagine MOST investors are just as confused as your friend. I've never owned a stock in a company that was so complicated to completely understand. Like most of us here, I follow Q daily and am amazed how hard it is to truly grasp what really is going on. I see why analysts have been having a tough time configuring their earnings models...the Q is a wild beast that nobody can cage to study properly. Investing in Q is strange and exotic, a sort of tonic. I believe that once everything begins to clear, Q is going to become much more richly valued...quickly. We just haven't seen the effects of China deals, HDR, 1X, MC, etc etc...We know they're coming, but nobody has been able to accurately gauge the cash flows from these technologies. Wild, exotic, and almost erotic. I can't wait for the money orgy to begin again... Verve

To: cfoe who wrote (11816)	6/8/2000 11:38:00 AM
From: bdog	Respond to of 13582

<<He is not some unsophisticated investor and he has watched my holdings of QCOM grow rather substantially (even including this"temporary" downturn). This little incident confirmed to me that unless one is following the QCOM story closely it is easy to be misled.>> I've had the identical experience many times. I figure I'm plugged in .01% as much as the best brains on this thread but that is enough to put me way way ahead of the curve relative to otherwise sophisticated investors such as the average investment manager and/or most of the talking heads on CNBC. Isn't it great that you don't have to be smart to be rich?