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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (487)	7/8/2000 1:24:25 PM
From: TJP	Respond to of 197623

Anything is possible with this stock. But with earnings and the conference call right around the corner, I do not think that the kind of sustained buying necessary to move QCOM 50% in one week will occur. The exception, of course, is a very positive, unequivocal, news release. I think we should not cultivate expectations that are too high in the short-term. If anything, there may be more downward pressure, especially if Korea announces that companies will be free to choose their own flavor of CDMA. The kind of appreciation we are looking for as shareholders will only be realized in the long run and that is what's important.