Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: limtex who wrote (95918)	3/19/2001 8:53:59 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 152472

re: "How do you have any more idea that this is a bear market rally than that it might not be" 1. because we are in a bear market, and, as long as that is true, all rallies should be expected to fail. When I see evidence, on the charts or in the news, that the bear market is ending, then (and only then) will I expect rallies not to fail. 2. because, in the last 3 months, I've listened to about 127 semis, telecoms, semi-equips, telecom-equips, etc., warn of worsening business conditions. Everyone is saying demand is weakening, and forward earnings estimates have come down. And everyone (except Intel, and they won't be able to buck the trend much longer) is cutting capital budgets. 3. because I see no good reason for QCOM to be immune to this general and overwhelming trend. QCOM hasn't warned, and forward consensus EPS estimates haven't come down. QCOM is part of an extremely small group of techs that haven't warned. NTAP, JNPR. Who else? 4. because QCOM is dependant, for their profits, on other companies continuing the wireless buildout, and those companies look a lot less able to do that, compared to 9 months ago, or even 3 months ago. JS@holdingbutworried.pov