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

To: Art Bechhoefer who wrote (91653)	1/11/2001 6:35:10 PM
From: marginmike	Respond to of 152472

Pe on Nazdaq is still historically high. The fundimentals are not the issue, but the prices are. Qcom,BRCM,RIMM etc are great companies(Ok not RImm) but their stocks are not cheap enough to say the are great values, RCA took years to get back to its 29' high(I think 10 or so). The issue was not RCA's great business model but the price and the markets druken buying orgy gone wrong that kept the price down. As for the action in the market, when a market goes up 6% in a day and individual issues(the most heavily shorted)are up 10-20% there is a huge short covering component. I agree the departure of defencive stocks began already.

To: Art Bechhoefer who wrote (91653)	1/11/2001 6:37:30 PM
From: golfinvestor	Respond to of 152472

<...QCOM probably the best growth opportunity for at least the next ten years.> Amen brother!

To: Art Bechhoefer who wrote (91653)	1/11/2001 7:11:35 PM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 152472

If the market is weak, isn't that partly also a function of some spokespersons I thought it had more to do with CSCO saying it was "challenged", NT adjusting its workforce, HWP saying a sucky economy was playing havoc with their earnings...etc etc etc.