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To: pinhi who wrote (30365)	8/23/2000 8:48:56 PM
From: walkman_99	Read Replies (1) \| Respond to of 35685

Hello Pinhi. QCOM will not move back up again until earnings and revenues re-accelerate. Even tho we are really in a product transition, and earnings may increase dramatically in the coming years, wall street is only looking at the here and now. With potential slowdown in Korea in the coming quarters, the street is going to wait until they actually SEE improvement. That may take awhile Good point, Pinhi. I see us lying in a trading range while the MM's load up on shares on the cheap. I do however believe that discounted cash flows representing the future profits from ramping up 3G chips and royalties will be factored in as announcements continue to pile up acknowledging the defacto standard of CDMA superiority in data transfer rates that allow for more fun using our cellphones, PDAs, laptops, etc.(example is Japan). I don't believe the impact of HDR has been adequately factored into the stocks price. Yet, while I don't expect momentum to runup the stock price to anything close to last years pricing($200 post split), I get the feeling the stock will begin to approach $100 by year-end. Just a hunch! If you really are a believer in the stock and Dr. Jacobs, then the price of qcom is cheap by any measure today. My comment about being behind qcom was intended to let another individual know that LTB&H strategies take patience and the entry points that people usually are willing to mention are more often associated with those particular stocks that are appreciating in someone's portfolio at a given moment in time. In the case of qcom, my own due diligence has allowed me to stay composed during a period in which my investment in the company's stock has shrunk about 2/3 since I acquired shares near the beginning of the year. Fortunately, I have significant positions in other G&K stocks like JDSU, NTAP, BRCM, CREE, and to a lesser degree in CSCO, SUNW and INTC. If your outlook is short-term, you are probably correct in questioning how the market currently perceives the FUD surrounding competing standards. BUT, I am in it for the long-haul. JMHO. rzw@Iliketoplayalittleofthecasinogamemyselfbutnottoomuch.com P.S. I have enjoyed some of your recent posts about cc's. TIA.