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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (47971)	2/24/2001 12:08:48 AM
From: Mike M	Read Replies (1) \| Respond to of 57584

I think somebody's spiking your Koolaid.<g> 50 was a pretty good place technically to upgrade. The company isn't falling apart. Qualcomm recently said demand for its Code Division Multiple Access (CDMA) integrated circuits is consistent with previous forecasts. The company also said that deployments by mobile service operators of one of its 3G technologies, cdma2000, remained on track. Even Alex Brown who downgraded, with the stock trading in the 60's, had this to say: "However, once visibility into the timing of next generation roll outs and handset sales improves, as well as overall investor sentiment with technology stocks, we believe Qualcomm will be a stock that can rebound quickly and appreciably,"... My guess is that the stock trades between 50 and 65 for a while and market dynamics will eventually decide which way it breaks out... Your reference to the analyst is as biased as you would suggest the analyst to be... Perhaps, instead, he really thinks the stock will be 130 two years from now and 50 isn't a bad place to pick some up....

To: DlphcOracl who wrote (47971)	2/25/2001 10:49:24 AM
From: Bob Kim	Respond to of 57584

DlphcOracl, re: Steve Milunovich, the global tech advisor for (?) Merrill Lynch hit the nail right on the head earlier this week when he issued a brief questioning the entire 3G deployment. What about his briefs saying storage was a safe haven. (So safe that ML's analyst raised the price target on BRCD to $250 on 1/31/01, but dropped it last week to $65.) BTW, he may not think highly of 3G, but apparently someone at ML felt it worthwhile enough to participate in NTT Docomo's recent offering, and ML's wireless services analyst rates AWE a Buy/Buy, plus some of ML's buyside portfolio managers really like NTT Docomo. One might think that someone in his high position could have lobbied for ML not to participate in the Docomo deal and to have the ratings on the wireless services companies lowered.