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

To: carranza2 who wrote (97621)	4/18/2001 10:35:15 AM
From: engineer	Read Replies (1) \| Respond to of 152472

but the good news is that Q is supply contrained and this would mean that the FABS would just LOVE to ship all the possible silicon they could get Q to take. This has to be one of the best times for Q to not only get as much supply as they need, but to also be able to renegotiate their contracts for higher suply numbers and lower costs.

To: carranza2 who wrote (97621)	4/18/2001 12:11:03 PM
From: Keith Feral	Read Replies (1) \| Respond to of 152472

CSCO just destroyed 2.5 billion worth of inventory to make sure the supply glut is behind us. The FED jsut cut interest rates by another 50 basis points. Intel just said the 2nd half of the year looks tough. I must be missing something. The bottom line is that all of the CEO's saying economic weakness is hurting their business is a bunch of crap. They are using the excuses generated by the networking guys left holding the bag to restructure their companies. There is absolutely no way in hell that P & G, Coke, & all the cyclical companies are being effected by the drought in networking. It is farcical how much people have been swayed by the irrational negativity in the market. The silver lining is clearly in place now that the FED has finally adjusted FED funds rates within 50 basis point of the short end of the yiled curve. Today is the first confirmation of a major reversal in the averages since the correction started some time ago. It will be interesting to see how far the rally goes. Given the complete absence of confidence by investor psychology, huge short interest, 4 consecutive 50 basis point cuts in a row, CSCO finally finding a bottom (witness the reversal in 1994), I would say the market is going to generate some better returns this quarter than people anticipated. I would venture to guess the triple Q's will rally back to the mid $60's by the end of the quarter.