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

To: Andrew N. Cothran who wrote (101815)	7/18/2001 6:24:15 PM
From: limtex	Respond to of 152472

AC - IMHO its not the Q its Mr G and his irrational obsession with people making money in NAZ last year that caused him to put up interest rates just as the economy needed them to be drastically reduced. Now he says he wants to see growth restored but you simply cannot repair the damage that those high interest rates have done to the entire World economy easily. It may take decades to fix the damage done by this financial vandalism. One thing is clear and that is that company after comapny is comeing out and saying what 2H recovery. See the coments of SEBL Chairman this afternoon for instance. The result is that the market is doing what is has beeen doing for over a year and a qtr and it shows no sign of easing up. There is no bottom in sight indeed just the opposite. It has all the feel of another downward lurch. Now we've got NOK earnings due out. Another miracle required. This is qtr after qtr with no sign of a pick up in business in fact just the opposite. We are getting the views of companies on the 2H recovery and it is a mirage. Remember how we used to hear about a 2H recovery earlier this year. Yeh.... 2H ..right. Maybe they were referring to the second half of the century. My guess is that it will be a miracle if the Q stays up no matter how good the results. The shorts must be licking their chops in anticipation becuase with a big P/E and a big market cap there is a big %age of downward potential. People have seen the China news, the NOK news and all the other goodies just swallowed by the market and the Q price once again as in all of these false rallies just sinks back giving up all the benfits of the last few weeks of fantastically good news. With this P/E and market cap the Q is like a giant sore thumb and the shorts are hovering. Mr G will not be happy till people just do not want to own equities again. Then he will have finally gotten what he wants imho. Best regards, L