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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (39619)	3/10/2002 11:13:21 PM
From: T L Comiskey	Respond to of 99280

JJ..Zeev....does this alter your bearish view of qcom.... I realize M Murphy has a... not so great ..batting average...but the message is 'Long Term' encouraging...no..? Thx T From Michael Murphy's news letter........ Our best new money buys for this week are three: Qualcomm (NASDAQ: QCOM), Sun Microsystems (NASDAQ: SUNW) and Scientific-Atlanta (NYSE: SFA). Qualcomm (NASDAQ: QCOM) shares moved up some on Friday, up 5% actually, or $2.36, after the Chinese government ordered mobile phone makers to increase production on handsets to expand their new CDMA networks. And, of course, Qualcomm gets a royalty on that. And also at the same time, one of the large Spanish wireless operators, Telefonica Moviles, said that it was going to buy the majority of Mexico's Pegaso, which is a wireless carrier that owes a lot of money to Qualcomm. There has been some question about whether Pegaso could pay what it owes to Qualcomm. So Telefonica Moviles, which is a big operator, is going to assume the debt of Pegaso. And now Qualcomm has no problem getting paid. The stock is really a strong buy at these levels. It closed Friday at $43.80.