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


To: limtex who wrote (99174)5/15/2001 1:04:55 PM
From: Uncle Frank  Read Replies (2) | Respond to of 152472
 
>> Anyway I reckon the shorts figured QCOM as big sore thumb with a P/E of over 50

Not only the shorts. I was starting to feel that way, too <gg>.

Today's news, and in particular concrete contracts from China, is like a glass of cold water for this parched pilgrim.

>> I haven't seen the NXTL info in balck and white yet but I assume our posters aren't kidding.

It's for real. I posted a link to a Bloomberg article just a minute ago.

>> If they capitulate .....well I would have thought it goes over $70. That it has not yet must be shorts doubling up and a bit of profit taking.

The old "sell the news" routine? I think we need to wait patiently for the upgrades before we see an appropriate reaction. The story is a little complex for the average investor.

uf



To: limtex who wrote (99174)5/15/2001 3:22:45 PM
From: ggamer  Respond to of 152472
 
<<They may well get desperate. If they capitulate .....well I would have thought it goes over $70. That it has not yet must be shorts doubling up and a bit of profit taking.>>

Or the street thinks that the GSMers will soon buy Verizon, Sprint, Nextel, and the countries China, Korea, and Japan to stop the roll out of CDMA2000.

GGamer

QCOM, The Toll Gate to 3G just got bigger