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

To: marginmike who wrote (77897)	7/26/2000 12:37:24 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

Ill take heat for this one, but I think Qcom is range bound until fall. I think 60-80 range until earnings momentum picks up. I would be skeptical of Upgrades by brokerages whom are trying to win a piece of the IPO and distribute stock they bought on the cheap. Where were these upgrades at 50? As a fabless semi maker Q was trading at a 30-50% discount to its piers. Why upgrade now? DONT TRUST ANALYSTS THEIR OUT TO TAKE YOUR $$$$$$$. A buy here is a good long term play but I dont think 100 comes till January.