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

To: waverider who wrote (75243)	7/1/2000 12:42:39 AM
From: Wyätt Gwyön	Respond to of 152472

I'm not sure what you don't get, but if your focus is long-term, it may not matter. I think Wall St. is actually quite bullish on QCOM long-term. Right now, they are looking for downward guidance at the July conference call. That may result in a bit more downside. But money will start coming back into the stock (maybe even mine), slowly but surely. On CNBC after the close, Meeks of Merril Lynch was on. He was going on about how he likes communication chip makers like Broadcom, CNXT, etc. The CNBC dude asked, "What about QCOM," to which he responded, "Not yet. But if it hits $50, we may get back in." I think there will be tremendous interest at $50. It may be a tough couple months ahead, but hopefully light will emerge at the end of the tunnel by Sept/Oct.