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

To: limtex who wrote (111138)	1/18/2002 11:46:55 AM
From: Andrew N. Cothran	Read Replies (1) \| Respond to of 152472

Limtex: Would you please tell us what you mean by "natural home". You have used this term over and over in your attempt to define just where the price of QCOM'S stock should be. Are you referring to the 1996's and 1997's when the stock price fluctuated around the 30's and the 40's as QCOM awaited the outcome of its legal fights with MOT and ERICY? Or are you referring to some other time in the life of QCOM when the "natural home" for the stock price was in the 30's? If you are referring to the 1996-1997 period, then you certainly are aware of the fact that since then, QCOM has split 2 for 1 and then again 4 for 1. This means that you must adjust your "natural" 30's accordingly which means that for you, the "natural" price of QCOM is say about $4.50 ($36 divided by two and then divided by four). Can you really support the "natural home" price of QCOM at about $4.50? Or are you just using this term as another slogan to project your pessimism and to highlight your apparent disappoint with the current price of the stock. Of course, the opposite of "natural" is "unnatural" Is it fair to ask you what you view as an "unnatural" price for QCOM'S stock. Is the present price "unnatural" not being in the 30's? Or was it unnatural a year ago near $100. I have grown accustomed to your gloom. But I still feel that the Thread is entitled to some definition of terms since you persist in using them over and over again.