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

To: GO*QCOM who wrote (99349)	5/17/2001 2:49:22 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 152472

True. Investors who "bought the story" in 1999 or before, and have held, have done extremely well. I looked at the company then, and couldn't convince myself that it was certain QCOM would continue to own CDMA IP, and that CDMA would become the global standard within a reasonable time-frame. I needed more certainty, and missed that opportunity. By the time I had that certainty, the valuations scared me. This stock has been in a downtrend since the January 2000 high. You can draw a line along the tops since then (using a log chart). IMO, that downtrend is not over, which is why I'm out. When I bought last year, I did not anticipate the credit crunch in telecom, and the possibility of a recession in 2001 or 2002. Those new factors make QCOM in the 60s overvalued. The Story on QCOM is more solid now than it was last year. Qualcomm will eventually make a lot of profits. The problem is that "eventually" seems to be receding further into the future. Not because of what Qualcomm is doing, but because of macro trends and sector trends. I intend on being back in this stock, sometime this year or next. I haven't set a price target, and I probably won't for a while. Somewhere in the 40s or below. And, if the stock doesn't go there, that's OK. There are a lot of quality techs at reasonable valuations now.

To: GO*QCOM who wrote (99349)	5/17/2001 3:14:45 PM
From: deth8	Respond to of 152472

Must have been a long time they were in. I been in for the last 6 years since my initial start up at 38/share. I sold my condo to use the capitol in 1999 and man was that a story I can tell.....been to the moon and back :( I am just about back where I started unfortunately. Pretty disillusioning. Lots of thoughts of "how long 'till retirement" for a long time and then choked big time riding our baby all the way back down. I do think the Q will be great once the economy recovers, but until then I think we cannot beat that tide of events. Additionally, does anyone remember the events of China in contracts with Boeing? Cannot trust them till the money is in our banks as far as I can see it. Let's see some earnings. I got my fire extinguisher for the flaming I will likely hear next since we are in an upbeat news period. -dEth8@wishingforthegoodoldays.com