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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (9942)	9/20/2001 7:35:50 PM
From: LLCF	Read Replies (2) \| Respond to of 74559

Agree with your assessment... with wireless calls approaching wire prices, cell phones are becomming ingrained as a 'necessity'. QCOM's PE has me gunshy, but I actually added a smidge. That said I think there will be big consolodation in the carriers... ideas on those? DAK

To: Maurice Winn who wrote (9942)	9/21/2001 9:25:17 PM
From: Stock Farmer	Respond to of 74559

Hello Maurice, <tongue in cheek font> I wanted to post and encourage you down from atop that ladder of inference before you fall and hurt yourself. Really. You suggest that folks go out and invest in Qualcomm, as a "sure bet". You have been chanting this mantra since the price was in the 70's. Let's see if we can recap. The deification of Qualcomm starts with the fundamental nature of communication, and mobility; extrapolates to the planet communicating while mobile; extrapolates to cellphones; extrapolates to CDMA extrapolates to patents; extrapolates to Qualcomm; which extrapolates to QCOM is better than gold. That's six stories up. Quite a height for a leap of faith. The fall doesn't hurt, it's hitting reality at the end that ruins your day. Because indeed a similar argument can be constructed from excretion all the way to toilet paper. And since we know what toilet paper is worth, does that put a fair price point on a piece of QCOM paper? So far you have not presented credible evidence that suggests Qualcomm will bring in the 50 (oops, 45... oops, 34) Billion 2001 dollars that is necessary to justify its current slice-price. at the risk of rubbing your nose in it a bit more, one would think that the value of mobility would be higher than the value of blabbering to someone while mobile. So that would make GM worth more than QCOM? In your retort is the beginning of the truth. There's still time to step down. But climbing any higher could be dangerous to your wealth. Because your ladder is set on very soft unstable ground. If you don't trust me, then at least read the warning label attached by the ladder manufacturer. John.