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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (18904)	2/8/2002 12:53:21 PM
From: straight life	Read Replies (1) \| Respond to of 196455

Everybody's fiddling while the stock burns down... 11:29AM QUALCOMM Intraday -- Technical -- (QCOM) 37.22 -1.88: Has blown through this week's trading range low, the Sep low and reached its lowest level since Sep 1999 (see 11:27 comment). Bounce attempts very short lived thus far and without a stabilization at least above the Sep low 38.31 and the range floor at 38.80 the near term bias is expected to remain weak. Next support is in the 36.65/36.50 area followed by weekly lows at 35.25/35. 11:27AM QUALCOMM hit by CFRA report (QCOM) 37.15 -1.96: -- Update -- Stock is latest to get hit by a CFRA (Center for Financial Research & Analysis) report which apparently claims that QCOM's 10K reveals that the company recorded revenue in exchange for non-cash consideration and accepted non-cash consideration for receivables removed from its balance sheet; hearing that report also noted potential conflicts of interest between company's Board and auditor, stating that Chairman of Audit Committee, COO, CFO all are former employees of Coopers & Lybrand, predecessor to QCOM's auditor, PricewaterhouseCoopers. Briefing.com cannot verify the accuracy of the CFRA report. finance.yahoo.com