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

To: puzzlecraft who wrote (95071)	3/2/2001 2:48:17 AM
From: elmatador	Read Replies (2) \| Respond to of 152472

Qualcomm chief's swallow his words: Typical shoot in the foot! Qualcomm chief allays wireless fears By Ben Charny Special to CNET News.com February 28, 2001, 12:05 p.m. PT Qualcomm CEO Irwin Jacobs tried to calm concerned investors Wednesday, expanding his comments on the state of new wireless upgrades. During the company's annual shareholders meeting, Jacobs told a gathering of analysts that recent reports of comments he made concerning so-called 3G next-generation wireless technology got it wrong. He said he's only "concerned" that European mobile phone operators developing systems on Qualcomm's W-CDMA standard may not be able to start selling them until next year, and not in volume until late 2004 or early 2005. The Financial Times last week quoted Jacobs as saying he "expected" a delay in the release of next-generation phones. Investors had hoped those phones would make it to market next year. While it may seem to be a matter of mere semantics, what Jacobs was attributed as saying managed to move a market and start a tremor among investors. After the supposed comments' publishing, investment firm Deutsche Banc Alex Brown lowered its rating on Qualcomm's stock to "buy" from "strong buy." "Although these carriers eventually stand to reap the benefits of a 3G network, there are mixed signals floating in the air pertaining to the timing of the infrastructure upgrades," Deutsche Banc Alex Brown analyst Brian Modoff said in a research note. Modoff downgraded Qualcomm, along with related companies Powerwave, Tekelec, DMC Stratex Networks, Stanford Microdevices and Airspan, from "strong buy" to "buy." In reaction, Qualcomm's stock fell as much as 20 percent in one session. Jacobs' comments also added to the growing fears that wireless operators around the world, which have invested billions of dollars in 3G licenses and equipment, will never recoup the massive investments fast enough and deliver profits.

To: puzzlecraft who wrote (95071)	3/2/2001 12:57:49 PM
From: Skeeter Bug	Read Replies (3) \| Respond to of 152472

pz, it is tough to call. however, going bullish is fighting the trend. msft's eps have been caving in and sit at 6%. will next q be flat or almost so? what multiple does a no eps growth company deserve in a rational market? how would that price msft? how would msft's rational price impact the market? all those dot bombs now have equipment for sale - supply of goods has increased. efficiency improvements increase supply even more. the excesses need to be extracted out of the system. i look at history and see this bubble as being the largest in history. will the back end be mildly uncomfortable when much less caused so much pain and hard ship? maybe. i'm not comfortable betting against a 100% history, though. maybe you are. best of luck.