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To: Investor2 who wrote (23888)	6/28/2000 12:17:00 PM
From: Robert New	Respond to of 35685

>>>What about the fact that it has been underperforming QQQ and Nasdaq lately? Doesnt that bother you?<<< Hello I2....Not specifically since I had no position on QCOM until just recently. Not to say that it cant go down further but I do alot of technical analysis and it appears that it is getting close to a bottom in the 60 area. I like the company and the technology and think most of the bad news is already factored in...in addition to the houses knocking it down so that they can replenish their inventories. Where was that First Union analyst that downgraded QCOM this am back in January??? Looks like he is about 140 points too late. At this point I feel as though the risk/reward is much to the upside and feel comfortable adding at this level given the reaction of the stock to the negative news this morning. Good investing to you...Rob