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

To: Uncle Frank who wrote (109986)	12/28/2001 3:46:25 PM
From: Cooters	Respond to of 152472

<<Doesn't he realize China Unicom is going to turn on their system next week?>> You can lead him to water.........lol!

To: Uncle Frank who wrote (109986)	12/28/2001 6:33:18 PM
From: limtex	Read Replies (2) \| Respond to of 152472

UF - Seems to me that the market considers Q a story stock and the market has had it with story stocks. "Where's the beef". The delays are beginning to be highly noticeable. Mr Thornley's comments last earnings announcement didn't seem very inspiring. many people have been hanging on in hope as we have fallen in love with this stock which is fatal. It had one huge year but other than that in 2000 it halved, in 2001 it halved again and if it doesn't grow revenues and eps this year it will likely halve again. this is now nearly two years and although other companies have gone to the wall the Q was always expected to be in a totally different league. Like having the patent to the internal combustion engine in 1910!!!! It is sporting a massive P/E. Sure there is good news from China or rather we hope that the news from China translates into good news at earnings time. Too often the good news fails to make the translation. So while China is great the rest of the World doesn't feel that good. How NOK can keep it up while Q doesn't just beats me but there you are it is the power of marketing over patents. Maybe it will change if ever 1X gets going in the US but right now even that doesn't look so certain before the summer. I wouldn't like to bet on it. I would last year and the year before and indeed that is why many people just hung around getting thinner and thinner as dissapointment was piled upon delay after delay and all the good news just seemed to be absorbed in the earnings statement with seemingly no result. Worse still despite all the patents the growth numbers just seem to keep shrinking. On top of all that we have the hedge funds who have targeted the Q as a story stock with a bunch of irrational Q lovers attached to it. In this climate with most of the buyers having shot their bolt the Q is an ideal shorters target. If they keep up their attacks and eps comes in at 80c to $1 the stock is going to get whacked. So here we go again into earnings season and hoping beyond hope that hte Q is going to make it this time and will have a positive view going forward. Maybe that is something to do with it. Sorry for the rant but it is very frustrating. HNY to you and all, Best, L