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

To: Robin Plunder who wrote (116088)	3/27/2002 5:29:12 PM
From: jjstingray	Respond to of 152472

I am waiting for that gap to fill at 18 as well. I doubt it will drop that low, but it is not totally out of the question.

To: Robin Plunder who wrote (116088)	3/27/2002 5:32:43 PM
From: Jim Willie CB	Respond to of 152472

RobinMan, a voice of reason I expected in March2001 to see dozens of tech stocks within 12 months to find their paths toward single digits QCOM started higher, so will take longer maybe it wont find singletons who knows? gold and silver will fly so high before 2005 that it will take our breath away just like QCOM sweetheart did in 1999 the whole world will be fighting inflation simultaneously just like dealing with growth simultaneously in 1999 just like fighting recession simultaneously in 2001 and now the illiterate investors have no expectation of higher energy costs being absorbed into the entire economy they maintain a mindless notion that the recession cured the energy shortages how naive I expect profits to be constrained in two new ways - higher energy costs - higher interest rates these factors will force much lower PEratios / jim

To: Robin Plunder who wrote (116088)	3/28/2002 1:42:25 AM
From: Caxton Rhodes	Read Replies (2) \| Respond to of 152472

Fill a gap from 3 years ago? That's a laugh for two reasons. 1) Gaps from 3 years ago are technically irrelevant. 2) that gap is related to fundamental earnings events, sale of infra, deal with ericy, not to mention sale of phone division. The stock is currently in a down channel. There is no technical reason to target 18. If it broke the major resistance at 31-32, it could retreat to 26 where it would hit the lower giant wedge line. Wireless companies, and especially this one, aren't going out of business. Sub growth is definitely stalling, and china growth remains somewhat uncertain. What qcom has going for it, is a working data product, GSM/GPRS does not. It is too early to tell what the impact of 1X will have on new sub growth, but you can count on a very, very strong replacement market. That is where the GSM vendors are in trouble; there really isn't a reason to upgrade to GPRS for consumers (data doesn't work well and sucks battery life) and carriers (hurts capacity, 1 GPRS user = 3-4 voice users). Where CDMA adds 2-4 times the data speed of GPRS and nearly doubles voice capacity. With CDMA, the carriers are motivated to have users buy new phones. Both GSM/GPRS and CDMA handset makers will benefit from the appeal of color handsets, again the advantage goes to CDMA because data should help attract better color applications. Caxton