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

To: Labrador who wrote (84569)	10/24/2000 3:27:19 PM
From: Rajala	Read Replies (2) \| Respond to of 152472

>The China ‘issue’ now seams to be no longer an issue and >with that the only thing left is the building of the >infastucture. Only thing left is the building of the infrastructure? Hmmmm. This guy Peter Simmons clearly forgot to take the blue pill in the morning. How about other "things left" such as what exactly this expansion is going to be like, what is the size of it, when it is going to take place, the price, the provider and, most importantly, whether there is going to be any expansion at all. Of course these are all semantic details. - rajala

To: Labrador who wrote (84569)	10/25/2000 9:43:15 AM
From: Mark Fleming	Read Replies (3) \| Respond to of 152472

My Morgan Stanley broker did some research and said that this is a bogus press release. They have no analyst named Peter Simons there that covers Qualcomm. They still have a $100 target on QCOM. Morgan Stanley initiates coverage.... Monday October 23, 3:45 pm Eastern Time Morgan Stanley Initiates Coverage on Qualcomm Inc. SAN FRANCISCO< Oct 23 (Reuters) – Peter Simons of Morgan Stanley has today increased his 12 month target on Qualcomm from $100.00 to $160.00 stating “ The China ‘issue’ now seams to be no longer an issue and with that the only thing left is the building of the infastucture. The Benefit of China Unicom Adopting CDMA will now give further hope to Qualcomm that other Far East countries will pick up the more favored CDMA over GSM”. Mr. Simons believes that the news going forward on Qualcomm can only be good as the uncertainty over China appears to have been cleared. “ We’re looking for Qualcomm to further strengthen their position in the Wireless Hand Held and Portable Computer market. Based on their projected earning on their third quarter, to be released next week, we believe Qualcomm will prove to investors that they are back on track”