SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?


To: techguerrilla who wrote (23858)6/28/2000 7:13:00 AM
From: Lou D  Read Replies (1) | Respond to of 35685
 
SAN DIEGO, June 28 (Reuters) - Qualcomm Inc. said
Wednesday that it may see "modestly lower" chipset orders in the
fourth quarter due to an expected drop in domestic South Korean
phone sales.
The wireless communications technology company said the
events in South Korea would not affect its third quarter pro
forma earnings, but the company did not say whether the expected
order drop would hurt its fourth quarter.
Qualcomm instead said it would provide additional
information on its fourth-quarter expecations on July 19, when
it reports third-quarter results.
Qualcomm said the elimination of phone subsidies in South
Korea are squeezing phone sales there. The company said it will
continue to work closely with its South Korean customers to
monitor the situation.
Qualcomm added it would consider offsetting the problem by
introducing carrier marketing programmes in South Korea,
increasing exports to other markets and speeding up the rollout
of its Code Division Multiple Access (CDMA) 1x networks.
Qualcomm's shares have been on a rollercoaster ride of late.
The company's stock suffered earlier in the month after China
Unicom, the No. 2 state telecom carrier, scrapped plans to use
its technology, but Qualcomm shares jumped last week on
speculation the company could be a takeover target.
Shares of Qualcomm closed at $63-11/16 on the Nasdaq on
Tuesday, down $1-1/16 on the day. The stock has a one-year high
of $200, and one-year low of $31-1/4.

Rtr 05:51 06-28-00



To: techguerrilla who wrote (23858)6/28/2000 8:19:00 AM
From: im a survivor  Respond to of 35685
 
Well, I need to run and wont be back til afternoon so I will not get to watch the carnage on Qcom.

I think I am the biggest IDIOT I know. I have placed orders to buy more Qcom Jan 100's for $2.50 and 03 $40 leaps for $30.

The sad thing is....I think those are pretty much low ball offers....but I might just get them today....and am not real sure I want to <ggg>.

As I said, I have never been so confused by a stock as I am with Qcom. Part of me is going SELL, SELL, SELL...the other part is stupidly buying more calls. I just cant figure myself out and I hope QCOM is not going to bury me once and for all.