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

To: Uncle Frank who wrote (109631)	12/18/2001 3:17:40 AM
From: limtex	Respond to of 152472

UF - Yes but the overall? Q at least is a solid company but P/Es over 20 demand some really solid growth and it looks like wireless is going to strugle like everything else. Add to that dealy after dealy and the mist over how SPs are going to squeeze any more money out of their increasingly poorer subscribers and where does that get us? The point is that the growth is under attack from several different sides all at the same time. As many have said Q is a great company with fatastic products and lets not forget that it HAS BEEN a fantastic stock but going forward it is different. It is clearly under a huge short attack and the shorts will only lay off when the market sees earnings and reveenue growth that can sustain its then current P/E. Yes China is great and so will the US be when 1X or DO eventually get going but the overall revenues may end up although very good just not exciting enough to drive the stock price back to the upper $50s. I thought the last earnings were a little disapointing and the forward guidance was ...well sort of mixed to put it nicely. It was a wonder the stock did what it did after that announcment. Well it is nearly back to where it was. What happens if we get another dissapointment in January? Then what? That is what I beleive is giving the shorts a real run at the stock this time. It is as weak as jello and collapsed yesterday in the middle of a NAZ rally. Why was that? There was no good short covering rally at the close. Does that mean we are in for another drubbing today? I am not down on the company nor the technology just the way the stock is behaving. Yes up to $63 back off to $58 OK but nearly $52!!!! that is not a good sign. This stock heads for the $40s sooner or later. IMHO a dissapointment takes us into the mid $30s. Best, L