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


To: Boplicity who wrote (79751)9/8/2000 10:27:35 AM
From: HairBall  Read Replies (2) | Respond to of 152472
 
Gregory Mullineaux: QCOM is swimming up stream this week. With the NDX/COMPX/SPX haven broken below rising wedge patterns earlier this week, the INDU has broken below its rising wedge pattern this morning popped back to test the lower trend line that once served as support as resistance. It turned back down.

We should see additional downside pressure...not good for QCOM short-term.

Regards,
LG



To: Boplicity who wrote (79751)9/8/2000 10:54:10 AM
From: marginmike  Read Replies (2) | Respond to of 152472
 
We have 2 fundimental issues regarding stock price irrespective of chin 1) Is, how bad will this quarter really be? NSM comment about Samsungs weakness and DDI weak subs does not bode well for us. However we must assume this is partially or full in the stock because this weakness has been known about for awhille. 2) How much value will spinco provide? I am very confused on how the spinout will work. Are the shares,10%, being offered next month? If so we will get instant valuation, no? I hink people know that this quarter will be the bottom in earnings cycle, so do we raly into bad earnings? So far it looks that way. It is not unlike Ericy did about a year ago where they got all the bad news out and the stock rallied 1-2Q before actuall turnaround. Meanwhille NAZ looks like its heading to 3700-3800 cant be a great enviroment for us :(