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

To: Jacob Snyder who wrote (95905)	3/19/2001 7:44:13 PM
From: Keith Feral	Read Replies (1) \| Respond to of 152472

My price target @ $71 is nothing more than a passing observation. $65 was resistance on the last rally that stalled when the NASDAQ fell into the Black Hole. I would expect QCOM to easily retest $65 following the FED change in interest rates this week and maybe take a stab into the $70's. I didn't intend to sell QCOM @ 65 nor do I intend to sell if it goes to $71. I'm into this stock for the long haul. The visibility for 3G CDMA is going to be a powerful catalyst for QCOM once the chipsets for infrastructure and new handsets gain visibility in the second half of the year. There are so many positives for QCOM's chipset and royalty business. People have completely abandoned their long term game plan for holding this stock. As more cars, trucks, planes, handsets, laptops, smart phones, pda's, etc... become CDMA - based, all of the contracts that QCOM has been signing for the past 2 years are going to start delivering significant revenue opportunities. The great stall in telecom is a complete headfake as far as CDMA is concerned. You have 70 million current customers that will be replacing handsets - not to mention upgrades to existing CDMAONE infrastructure. This does not begin to account for the expansion of the GSM market into WCDMA and 1XRTT as migration pathways to 3G. If CDMA only doubles it's share of the global wireless market in the next 5 years, the annual shipment of ASIC's will grow from 90 million this year to 300 or 400 million units by 2006. Ultimately, 3G CDMA is expected to account for 100% of all handsets. I certainly don't want to miss the action. If you want more projects to consider, you have China Unicom, WLL in India, iDEN conversion in the US, and unnamed opportunities in Mexico and South America. The big difference between QCOM today and a year ago is that we are no longer discussing potential. The bids for these contracts are beginning to be awarded. Next week's auction in China is an excellent example. QCOM and CDMA will particpate in China - not to mention other companies like Lucent, Motorola, Nortel, and a list of others that have royalty bearing contracts with QCOM, as well as a growing demand for chipsets to build out the base stations and handset orders. Despite the WCDMA controversy revolving around the shortage of GPRS handsets, the opportunity for WCDMA revenues is getting closer by the day. The risk of looking at the gruesome chart patterns for the NASDAQ and QCOM has nothing to do with the fundamentals for CDMA.

To: Jacob Snyder who wrote (95905)	3/19/2001 8:13:22 PM
From: limtex	Read Replies (1) \| Respond to of 152472

JS - How do you have any more idea that this is a bear market rally than that it might not be. No-one knows for sure not even Mr G who started this mess in the first palce. If the market makes a good showing tomorrow going into the close the shorts will run for the hills as fast as their smelly little legs will carry them and if it is a really strong close then we might just be lucky enough to see the shorts get really badly chewed up so that they won't come back in a hurry and that will propel the maket even further. But all that is just my guess. Best regards, L

To: Jacob Snyder who wrote (95905)	3/19/2001 11:53:59 PM
From: FNS	Respond to of 152472

Jacob: <<How do you arrive at 71 as the QCOM peak in this bear rally? It looks to me like resistance at 65 will more likely be the top. >> 56 was a 2T breakout and 65 will be a spread 3T breakout! When it breaks out at 65 the next resistance levels range from 78 - 89! Hopefully, we can soon see a positive breakout at 65 with good volume nd supported by a stronger NASD market tone. 78 is the top of the bearish trend line...so 79 turns the stock positive with 90 being another spread 3T breakout! Let's get to 65 first and forget about the other TA numbers...all meaningless right now! imho! fns