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

To: solihull who wrote (73963)	6/15/2000 1:38:00 PM
From: Jon Koplik	Read Replies (3) \| Respond to of 152472

Copy of my e-mail to S.E.C. re : Ed Snyder / Chase H & Q (Would someone please post this on the Rocket to the stars thread also ? I still have not "joined" over there (yet)). *********************************** To : enforcement@sec.gov Subject : recent lies and misinformation spread by Mr. Ed Snyder and Chase H & Q Recently, Ed Snyder of Chase H & Q has repeatedly (publicly) stated bald-faced lies about developments regarding Qualcomm, CDMA, Chinese adoption of CDMA, Japanese adoption of CDMA2000, etc. There is a permanent record of some of Mr. Snyder's brazen lies during an interview on CNBC, where his counterpart (a wireless analyst at another Wall Street firm) repeatedly responded to Mr. Snyder with the words : "That is not true." (The interview was broadcast at around 5:20 P.M. (Eastern time) roughly June 1, 2, 5, or 6 this year. (I can get the exact date with a little legwork, if you need me to do so ...)) Also, before the opening of stock market trading on 6/15/00, Ed Snyder and Chase H & Q released a profoundly negative opinion on Qualcomm. Some of those comments indicate a complete lack of verifying information with Qualcomm management. This sounds to me like "making up" information. A competing wireless analyst has publicly stated that he talked to Qualcomm management late 6/14/00, and was told information totally at odds with Ed Snyder's pronouncements. See : zdii.com a portion of which I will copy : Mark Roberts of First Union Securities, who reiterated a "strong buy" rating on the stock Thursday, says that's not so. The government's plan to cut subsidies is part of a move to shift its exports into high gear, a move that could benefit Qualcomm. Roberts said he was flabbergasted by other analysts' downgrades. He said he has spoken with Qualcomm management since Wednesday's Bear Stearns conference, who encouraged him to maintain his estimate for the upcoming July quarter, and said they are comfortable with estimates for the fourth quarter. First Union's estimate is 3 cents above the consensus of 30 cents a share for the fourth quarter, as reported by First Call's poll of 19 analysts. First Call is expecting a profit of 27 cents a share for the third quarter, and $1.08 for the year. "They're acting like this is an apocalyptic event," Roberts said of other analysts, questioning whether they had spoken with the Korean government, or manufacturers such as Samsung and Hyundai. Roberts said the purpose of the Korean government's elimination of handset subsidies was to slow down manufacturing in order to free up capacity for the manufacture of devices for export. "The government is encouraging (the manufacturers) to ship more phones to South and North America," Roberts said. He has spoken with Samsung, Hyundai and LG International, all of which said they don't expect any substantial change. As for Globalstar, Roberts said "We'd built that expectation into our model." I hereby request that the Enforcement Division of the S.E.C. look into : 1. Whether or not Ed Snyder (and Chase H & Q) can be held liable for publicly stating lies about Qualcomm. 2. Whether clients (or employees) of Chase H & Q bought put options on Qualcomm, or took any unusual action in Qualcomm related securities in advance of Ed Snyder's comments on Qualcomm that came out on the morning of 6/15/00. Jon Koplik [I did put more detailed contact info. (in the original e-mail) right here, but -- I do not want my address and phone number "out there."] END *****************

To: solihull who wrote (73963)	6/15/2000 1:54:00 PM
From: SpudFarmer	Read Replies (2) \| Respond to of 152472

Thanks. Is it any wonder that confusion reigns? Analysts putting out conflicting messages. China yes, China no. G* Korea The war rages on. The battles are working to spread confusion and ultimately those who sell, or are on margin become the conquered. The call for management to "clear the air" will soon come. Q will wait and let the numbers speak for themselves, thus rewarding the long term crowd. There is little incentive to be 'putting out small fires' to distract from building the business. In other words, "FOCUS". Yes, my small potatoes are being baked in the hot sun, long before harvest time. When will it rain? Am I hearing thunder in the distance? Q rocks, "Rain on me!" Who? PS: My "FOCUS" is a little clouded today. "Pay no attention to that man behind the curtain!" Came home from work this am to a possible margin call (easy to fix), and aunt died. I too am "putting out fires". Good luck today. Life goes on.