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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: candide- who wrote (22922)	6/21/2000 7:34:00 AM
From: candide-	Read Replies (1) \| Respond to of 35685

From the Bull Market Report - QUALCOMM (QCOM, $63, down 2) has extended our roller coaster ride again this week. We have one Wall Street firm valuing them in the low to mid $50 range, another in the $120's, and investors are caught in the middle. As we mentioned a few weeks ago, Qualcomm's earnings are not based on any future results from China. They still have the same patent, and are moving forward, regardless of what China Unicom does. They have signed a deal with Technicolor Digital Cinema to distribute movies digitally to cinemas, which is backed heavily by film studios because of the higher quality movies and lower distribution costs. Most recently Qualcomm granted Seiko a license to develop and sell modem card products for wireless applications as part of the royalty-bearing agreement. We all know any company, no matter how big, can run into problems. Microsoft is a good example. Although we think Qualcomm is going to continue this fluctuation for a while, as we said in the beginning, timing the market is next to impossible, and the outlook for long term investors is good.