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


To: Boplicity who wrote (80934)9/20/2000 2:25:27 PM
From: Ruffian  Read Replies (5) | Respond to of 152472
 
Stock Analyst Notes: 09/20/00
by Morningstar Analysts | 09:17 AM | 09-20-00 | E-mail Article to a Friend

We think that investors who recently bought shares in Qualcomm QCOM
should contemplate selling, given the recent strength in the stock. Shares
have moved up nearly $20, or 33%, in the past six trading sessions on no
news, other than a sell-side analyst's upgrade. Although Qualcomm may
turn out to be a great long-term growth story for investors, a single
analyst's opinion should not account for more than $14 billion in additional
market capitalization. In our opinion, short-term investors--or those
looking for an exit price in Qualcomm stock--would be wise to capitalize
on the shares' current strength