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

To: limtex who wrote (103959)	9/6/2001 4:18:38 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 152472

re: Q is not JDSU Well, I agree, which is why I'm buying QCOM at 50, but (still) haven't put any money into JDSU, at 6 and still no sign of a bottom. I've been pleasantly surprised, at how well spending for wireless capex has held up, this year. It is an especially striking contrast to other telecom areas, such as longhaul and low-orbit satellites, and the endless footdragging by RBOCs (on the last-mile bottleneck). Wireless, fixed and mobile, may turn out to be the technology that makes all that double-stranded copper obsolete. Should I short copper miners? I won't short the RBOCs, as they may successfully transition away from their legacy infrastructure. The rabbits (CLECs)have lost the last-mile race; in the next few years we'll see if the tortoises (RBOCs) win the race......or if everyone loses. You're scaring me with this talk of "all gonig to see a whole new wolrd open up to all of us". This sounds like BubbleSpeak, Euphoria, BuildItAndTheyWillCome. All I'm expecting is that 2.5G gets adopted, as a more efficient way to provide voice. The only killer app I'm counting on is voice. Anything else is BlueSky, nothing but HopesAndDreams, and sober investors don't buy HopesAndDreams. One of the (many) things that worries me about investing in QCOM (and NTAP, and others), is that my fellow investors don't seem to be very sober, at least the ones on SI. Hopefully, the stock has been in the 50-65 range long enough for enough weak hands to get shaken out. And, hopefully, SI posters are not representative. Cellphones are a mass-market product. Palms are a niche market. The essential difference between the two, the crucial quality that consumers insist on, is the smaller size and weight of cellphones. Consumers will not carry around anything heavier and bigger than today's cellphones, not if you want more than 5% (10% tops) of the population to use them on a daily basis. Size and weight are more important, to the consumer, than any potential, (and that's all they are today, just potential) 3G applications. And, if the device is small, that means the screen has to be small too. The one fact follows inexorably from the other, a fact Enthusiasts gloss over and try not to think about. What is the point of "very clear and great colour screens" that are 2" square?