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

To: William Hunt who wrote (78418)	8/5/2000 10:50:53 AM
From: Cooters	Read Replies (1) \| Respond to of 152472

Intuit, Qualcomm Recommended by a Guest on PBS' `Rukeyser' --From AOL.-- Cooters Owings Mills, Maryland, Aug. 4 (Bloomberg) -- Intuit Inc. and Qualcomm Inc. are technology stocks that are expected to grow as they focus on expansion and developing their products, said a guest on ``Wall Street Week With Louis Rukeyser.'' Intuit, maker of personal-financial software such as Quicken and TurboTax, is expected to report in the coming days that its fiscal fourth-quarter sales and profit for the period ended July 31 exceeded expectations. Shares of the Mountain View, California- based company were unchanged today at 39. They've climbed 59 percent in the past year. ``Intuit probably has the best financial Web site that there is,'' said William Meehan, senior market strategist for Cantor Fitzgerald & Co. in Stamford, Connecticut. ``They're well positioned and not that expensive within the measures of the Internet economy. And they make money, which is kind of unique.'' Qualcomm, which developed mobile-phone technology used by 65 million people, announced last month that it plans to sell stock in its business that makes chips for wireless phones and will spin off the remaining 90 percent of the unit to shareholders. ``Qualcomm has taken a bit of a hit this year, but I've recently bought them and their chart looks very attractive,'' Meehan said. San Diego-based Qualcomm, whose shares have dropped 64 percent this year, today fell 1/4 to 64. Meehan also recommended energy-related businesses and within the retail sector, ``a group that's clearly out of favor right now,'' he favors Federated Department Stores Inc., which owns Macy's and Bloomingdale's. Federated Department Stores, ``has been taken apart and it's cheap,'' he said. ``Wal-Mart Stores is also an attractive, long- term holding.'' Other stocks that panelists recommended include, FleetBoston Financial Corp. and Chase Manhattan Corp., which have ``very attractive valuations,'' according to Bank One Corp.'s Alison Deans. Tom Gallagher, managing director of International Strategy and Investment Group recommended Motorola Inc. and Gillette Co. Aug/04/2000 23:57 ET

To: William Hunt who wrote (78418)	8/5/2000 8:48:23 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 152472

Alan Abelson is an excellent writer but a poor journalist. He and BARRON'S ought to know that good journalism requires that you print both sides of a story. It's ok if someone believes a stock or group of stocks is going down. But if a lot of analysts think it's going up, then a good paper would print both views, and the rationale behind them -- or print neither. Here's why the views of the analyst in Abelson's article don't make any sense: In poor countries without a substantial wired infrastructure, wireless is the LOWEST COST solution for both voice and data communication. Even in the U.S., there is a growing trend away from wired and into wireless, particularly for data. A personal digital assistant may be meet the average person's needs for communication, and wireless makes a PDA even more valuable and convenient. Slowdown in wireless? Only a nincompoop would believe that, and only someone essentially devoid of any knowledge of the wireless industry would print such views--unless, of course, someone INTENDED to get the price of the stock down, making it a bargain once again for institutional investors who wished they had gotten in earlier. This would not be the first time that attempts have been made to manipulate the price of QCOM. As to credibility, note that BARRON'S was unable to come up with the correct spelling for QUALCOMM (all caps, not caps and lower case). Art