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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: nbfm who wrote (13391)	6/28/2000 3:19:00 PM
From: nbfm	Respond to of 13582

"Qualcomm Treasurer Dick Grannis said the company will ship more than 14.5 million phone chips in the third quarter ending this month. That could drop by 1 million or 2 million units in the fourth quarter ending in September, he said." I recall that in a cc early this year, Dr. J. (?) stated that 70 mil. CDMA handsets would be sold this year. Assuming he was speaking about the size of the market and that Q retained a 90% share, that means that q should ship well over 60 mil. chips (more if you allow for usual overage). By my figures, q shipped 26 mill. for the first two quarters. Add in 14.5 mil. (which is far lower then I thought it would be for this quarter) means that as of the end of the third quarter q will have shipped just north of 40 mill. Add it another 13 mill for q4 and you get 53 mill -- a little miss of 10% under managment forecasts (implications?). Does anyone here seriously think that Q will ship 60 mill. chips this year? Now that I can actually see for myself that managment's forcasts were so far off just six months ago, the question I have is this: since I am the last human on the planet to put it together, and since the stock price plummeted whilst I thought that everyone else was wrong (silly me), and since the stock wasnt taken out and shot today, have we reached a real bottom here? Is it time to buy more?