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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Keith Monahan who wrote (1200)	2/23/2001 1:43:15 PM
From: ahhaha	Read Replies (1) \| Respond to of 24758

Few want to sell their gold stocks after this morning's rise. Is gold representing a move to a defensive posture, an aversion, or is it discovering a new reality, an attraction? FED's matched sales this morning indicate they don't like the persistent price pressures which shouldn't be evident at all. Surprisingly, corporations must start raising prices regardless, because law won't allow them to get rid of employees fast enough. This has nothing to do with pricing power, but everything to do with avoidance of bankruptcy. It is the old economy companies which are most at risk. The only way that these companies can raise prices is if FED will allow them to do so. Gold is guessing FED will cave in.

To: Keith Monahan who wrote (1200)	2/23/2001 2:27:31 PM
From: Keith Monahan	Respond to of 24758

www2.marketwatch.com Qualcomm shares drop on 3G warning By Martin Cej, CBS.MarketWatch.com Last Update: 12:11 PM ET Feb 23, 2001 Newswatch Latest Headlines Get Alerted SAN DIEGO (CBS.MW) - Shares of Qualcomm plunged as much as 25 percent Friday after the company warned of a two-year delay in the development of third generation mobile phone technology in Europe. Irwin Jacobs, the founder and chief executive officer of the San Diego-based cell phone technology company, told the Financial Times online edition that so-called 3G services are unlikely to be commercially viable in Europe until 2004 or 2005. European telecommunications operators had forecast that 3G technology would be ready by 2002. Qualcomm shares (QCOM: news, msgs) plunged $15.69, or 23 percent, to $51.25, it's lowest since October 1999. About 29 million shares changed hands by midday, about double the average daily trading volume over the last 50 sessions. The slide wiped out about $12 billion of Qualcomm's market value. Jacobs' comments undermined optimism that investors and consumers would soon see the benefits of wireless technology, which is expected to generate a boom in Internet and video services. The company warned that there are still technical obstacles to launching the 3G standard in Europe, known as wideband-CDMA or W-CDMA. Jacobs told the FT that CDMA-2000, another 3G technology that Qualcomm owns the intellectual rights for, will arrive quicker to market than W-CDMA. On Feb. 8, Qualcomm's Chief Operating Officer Richard Sulpizo told a standing-room-only crowd at the Banc of America's technology conference that every wireless manufacturer has approached Qualcomm for a 3G license. Sulpizo also said that the company's growth depends on how fast the CDMA market grows and the overall demand for wireless data.