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

To: carranza2 who wrote (115423)	3/12/2002 4:11:35 PM
From: limtex	Read Replies (1) \| Respond to of 152472

carra - QCOM is one the great shorting stocks. Must have gotten into the hedge funds cross wires and now any weakness in the overall market and they sell thee hell out of it. Seems to me thats why when the market picked up a week or so agi the Q git a great run even up to yesterday when at one satage is was nicely over $44. But on any bad news ..whack. Its irrelevant. I've been over on the Zeev Turnip thread. They sometimes mention QCOM but I don't think many of them have to faintest idea what it does. Its like a sort of shorting commodity, market in trouble ...short qcom and why ....because it works wonderfully well for the shorts. Thats why they keep coming back to it. Best L

To: carranza2 who wrote (115423)	3/12/2002 4:53:05 PM
From: Eric L	Respond to of 152472

c2, re: Wireless Sector Stuff << Can someone rationally explain why Nokia's share price loss so far today is less than Q's even though Nokia is the one with the bad news and the lower price? >> ??? NOK down 6% & QCOM only down 2.5% ??? On the QCOM side ... not bad considering Qualcomm IS in the wireless sector isn't it? I think you need to look at the news that NOK delivered today ... that they will meet or exceed earnings forecasts as usual ... but capex just is not there ... and more importantly the news that LU delivered which really affects the Qualcomm outlook for this fiscal (only 2 quarters to go and no sector spending turn). A few scatterred odds and ends from wireless sector & telecomms today: " Operators have pulled back [on their equipment purchases] further than we anticipated in our plans." ... - Disappointing forecasts from telecom gear makers Lucent Technologies Inc. and Nokia reignited worries about any quick rebound in the sector's profits. - Lucent ranked as the most active on the New York Stock Exchange, falling 77 cents to $5.49 after it said quarterly revenues will be lower than expected and its return to profitability will be further delayed because communications carriers are still scaling back their capital spending. - " Operators have pulled back [on their equipment purchases] further than we anticipated in our plans." - Lucent - - Announcements about reduced investments from companies such as BellSouth, Verizon and Qwest are taking their toll on Lucent's business. - Qwest, which was hit on Monday when it announced the SEC inquiry, fell 49 cents to $8.97. The American Stock Exchange's North American Telecom Index <.XTC> fell 2 percent. - Nortel Networks Corp. , one of the world's largest maker of telecommunications gear, fell 41 cents to $5.60. Moody's Investors Services cut its credit ratings to one notch above "junk" status and warned it might slash them again on worries weakness in markets affecting its key customers will be "deeper and more protracted than expected." - WorldCom contributed to the market's negative tone after it said the Securities and Exchange Commission requested information about certain accounting procedures. Would you expect up? - Eric -