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

To: waverider who wrote (113928)	2/21/2002 8:05:36 PM
From: Keith Feral	Read Replies (5) \| Respond to of 152472

Diamond:What's the point of selling a LTB&H position 1 or 2 months before Japan and the US flip the switch for 3G nationwide. There is plenty of aging phones to repalce from the past 4 years of CDMA sales. What's the point of buying gold at the end of a recession when all the major restructurings have been made? People that hedged tech with energy 12 months ago got fucking slaughtered. I see no reason why gold would do much better this time around.

To: waverider who wrote (113928)	2/21/2002 8:07:23 PM
From: limtex	Read Replies (1) \| Respond to of 152472

wave - Well maybe you were one but not many had any idea that we would now be sitting in the worst stock market collapse in history. After two full years of bear market it has sauddenly got a good deal worse incredibly. Did you predict the porblems of the SPs and now the runours are spreading to the financial sector, the mother of them all. The bears have won hands down. The market is in the process of being thoroughly routed and the bears can jusitifiably gloat as they are doing. Still the Q has great technology and I can't wait to get using it. If PCS 1X launch isn't delayed Q at least will earn its justifiable rewards even thought the economy may lie in tatters and the market routed. Well done the bears. There ....happy Best, L

To: waverider who wrote (113928)	2/21/2002 8:23:27 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

wave undervalued and fair valued are subjective levels that change. What trully makes Qcom undervalued is having a benchmark to compare it to. AOL now has a 23PE Qcom could go to 8 in a real visious bear market. The problem herein lies is what is the market multiples going to return to. At 30PE Qcom in a fairley good market would be a good buy. In this type of a market it could be a good by, to your money. There is just no way to know. The fact is the Fundimentals have nothing to do with anything. The reality of the market and what multiples it will doll out is what counts.

To: waverider who wrote (113928)	2/22/2002 10:31:54 AM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 152472

waverider--Since I place high value on things like intellectual property and management skill, I hold to the view that with these assets, a company will pretty much know how to handle itself, no matter what conditions it faces. I don't believe anyone who has followed QCOM over the past 10 years would have been able to predict the extent to which external variables (e.g., political pressures) would affect an economic rationale to adopt one system over another. Nor would one think that executives of large companies could be so egotistical as to go with an inferior technology instead of admitting they made a mistake. I prefer the Warren Buffett philosophy that you buy a stock with the idea of holding it forever, UNLESS you discover a real change in fundamentals. Some of these changes, in the case of QCOM, would include some other company building a better mousetrap (hasn't happened), or a sudden change in management quality (also hasn't happened). Hey, these guys know what they're doing, and sooner or later, those of us with long positions will be taking advantage of the capital gain preference for especially long holds. Art