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

To: q_long who wrote (73998)	6/15/2000 4:45:00 PM
From: S100	Respond to of 152472

Snyder on CNNFN 15 June 2000 about 1300 PDT Did not catch the start Ed Just Cut our estimates for it. We have been market perform for it thought most of last year. Things just are not turning out very well in the beginning of the year. The Koreans cut subsidy for handset which is going to chew heavily into handset sales into Korea which is a very big market for QCOM, China is not going to deploy QCOM's technology, that seems to be clear at this point And their connection with GSTRF is going to probably hurt them, at least psychologically from the stocks perspective, in the near term . So I think they are in a bit of rough water certainly over the next quarter or so. Host So the stock just got a bit ahead of itself because everybody was so optimistic about the prospects for QCOM Ed Yes I think that is exactly the case. I think the business model is good , QCOM is very good at what it is that they do, just that the euphoria over CDMA and the prospects for growth I think got well ahead of the reality late last year the as Testament by the huge appreciation of the stock price and eventually those two have to come together the actual operations on the ground, the growth and the earnings and the stock valuation, I think that is what we are seeing now. Host Thanks Ed Snyder, you think that QCOM can go to $50, that is another $10 lower than now. Host Thanks Ed Snyder from umm umm H&Q, Chase H&Q. Combination, recent combination. Just on again , would never put a sell on QCOM, reserved for bankruptcy