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

To: jmac who wrote (82245)	10/4/2000 7:47:38 PM
From: Cooters	Read Replies (2) \| Respond to of 152472

jmac, You have just sounded out why we worship IJ. Hey, I owe you a beer from several months back and I think you need it. Do I need to wait for the QCOM annual? Coots

To: jmac who wrote (82245)	10/4/2000 7:50:22 PM
From: waverider	Read Replies (1) \| Respond to of 152472

Well, at least you are better off than a fellow I know in La Jolla. He wons millions of dollars of DELL stock. He fell in love with it and refused to sell any over the last 2 years while the stock was doing nothing. In fact he made matters worse last year by buying a huge position on margin. Granted, he reaped the stellar gains from the past, but his emotional connection with the company has cost him millions and millions. Not saying you are emotional over Dell, just wanted to relate the story. FWIW, I tried to convince him to dump half his Dell buy QCOM in '98. He didn't. All he has is Dell. Something to remember for all of us here as well. Rick

To: jmac who wrote (82245)	10/4/2000 9:56:02 PM
From: David E. Taylor	Read Replies (2) \| Respond to of 152472

jmac: OT on DELL: While I agree with you on the issue of MD's misleading pronouncements over the last few weeks about growth being on track at 30% this year, this sell off is way over done. Even with the shaved revenue and earnings, DELL will still post around $32 billion in revenues and $0.90 EPS this FY. That's +26% on revenues and +47% on earnings over last year, and results in a PEG of about 1.0 on revenue growth or 0.6 on earnings growth. Dell is still the most efficient box maker on the planet, is expanding into new business areas. and will throw off $2.45 billion in after tax cash this year. But the stock is trading now (at $25.75) where it was in July 1998, when both revenues and earnings were 50% of what they are presently. The oversold condition of DELL, INTC and others right now is as crazy as the overbought condition that got us to Nasdaq 5000+ in March this year, and at some point reason will prevail. The institution and fund managers must be salivating over this state of affairs, just watch what they do to everything over the next three months to fatten their year end bonuses. Relax. Dell is not dead. I have it myself in the $30's, and I'm not selling it here. David T.