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

To: cfoe who wrote (73901)	6/14/2000 9:55:00 PM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 152472

Re: Analyst's "spin" vs. Managements "facts"; it is not difficult, when following a company, and observing the WS analyst's that follow it, to discern those who position themselves to make profit on very short term "spin" vs. longer term fundamental analysis of the company's prospects. Snyder of HQ and the Bear Stearns analyst make it a practice to regurgitate information that has been well publicized already, but they choose their timing to "re-release" such gems at Korea subsidies(this is a replay of last years similar event-no negative impact on Q), China "delays"(how many "spins" have they worked on this miasma of misinformation which is more WTO political maneuverings and pre-China Unicom IPO posturings than it is fundamental to QCOM, as most reasonable analysts had not factored in any China profits in their EPS estimates, anyway). I believe it is incumbent upon management to put thier case forward positively and with confidence. This is not the same as indulging public forum questioning which is clearly intended to elicit sound bytes to be negatively spun, with the intent to accelerate selling and perpetuate the image of the company as a "loser". Last year, QCOM broke an S+P500 record for single year appreciation of stock price. This year, the image spinning is rampant, and those that can make money short are having thier way with a fine company. As a long term investor(who added shares on today's selloff) I accept that there will be differing opinions as to the value of the shares. What I cannot accept is the denigration of the image of the company, when this effort is unconsciously abetted by poor planning for public presentations. We will always have the Snyders and BS types, and they will get thier negative "bites" out to the world at cyberspeed; what can the company do to TAKE BACK CONTROL of the dissemination of information about QCOM from the WS types who have set it up as a "whipping boy"? I have seen this before with tech firms; all positive fundamental news is ignored by the media, but strangely any negative spin is given full media attention, free publicity for the shorts, et al. I thought the recent statement of CDMA royalty policy and the added indication of higher royalties to those who delayed, was the very first aggressive public statement and a move toward getting back control. I would like to see more of this from Dr. Jacobs and his staff, and less of the likes of today's fiasco at Bear Stearns. Regards to all longs, James