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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: hueyone who wrote (45998)	8/30/2001 1:32:28 PM
From: Mike Buckley	Read Replies (2) \| Respond to of 54805

Huey, Mike Buckley once suggested that he thought those people that paid $200 per share might* be happy within three years.* I also siggested that I was not able to identify the market opportunity for Qualcomm, making it very difficult to know what the stock might be in three years. What you didn't see me suggest is that any of the valuation metrics I use said the company was fairly or undervalued at $200. What you did see me very emphatically say (if you saw the videotape) or if you read its transcript is that I thought Qualcomm and almost all of the companies Gorilla Gamers were investing in were way overvalued in March 2000. The people who looked through the windshield at QCOM quality and potential while ignoring QCOM's financial condition have been hammered. What are the issues about QCOM's financial condition that you feel led to the fall of the stock price? --Mike Buckley

To: hueyone who wrote (45998)	8/30/2001 1:40:48 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 54805

>> Qualcomm is a great case in point for demonstrating the horrible results that can happen to one's investment portfolio if one simply ignore the current financial condition of a company while relying on a grand vision of the technological future. Huey, we are in the midst of macro-economic disaster, not a company specific one. It would have been more appropriate to say, Horrible results that can happen to one's investment portfolio if one simply ignores the overall economy while relying on a grand vision of the technological future. Even a hardy plant will shrivel and die if planted in a desert. That's the lesson I've taken from the Great Tech Wreck. uf