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

To: John Carragher who wrote (78546)	8/12/2000 9:43:14 AM
From: Art Bechhoefer	Respond to of 152472

John, the data in the Globalstar article is not very recent. More revealing is the fact that billable minutes for G* service doubled during the last quarter. What is also revealing is the new applications that are now being tried out, which were never contemplated in the original business plan. I think the company needs a couple of additional quarters of results in order to demonstrate that the technology is catching on. I don't much care for the shares at this price, because of all the outstanding debt. But I do like the junk bonds, as there are enough backers of the whole concept to prevent the company from defaulting on the bond interest payments. The reference in the article to a mere 13,000 customers is very old and does not appear to be a reasonable indicator of the current level of the business. Art