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

To: Caxton Rhodes who wrote (116120)	3/28/2002 6:18:39 AM
From: limtex	Respond to of 152472

CR - Sub growth may well be slowing but you forgot one huge section of the public for 1X color PDAs with the new organic screens. This section of the consuming public knows no limits, it is extremely demanding as a consumer and once they get what they want they spend without limit......they are.....the kids. We saw this with MP3s. This is much bigger than MP3 as it is more like MTV in your pocket. They also create a huge marketing momentum as the news spreads among them of a great product within hours. You don't need a marketing campaign. One kid will sell 1X to all the kids i the country within a matter of days. Kids have supernetworks. And they have parents to pay for all they need. Yes come on the kids. Best, L

To: Caxton Rhodes who wrote (116120)	3/30/2002 2:03:06 PM
From: Robin Plunder	Read Replies (1) \| Respond to of 152472

Caxton, according to Edwards and Magee, gaps continue to be relevant for years, and are often not filled until years after they occur. 18 might not be such an outlandish target for qcom. Currently we are expected to make .90-1.00 this year. If we get further earnings deceleration, eg from slowdown in China or losses in Vesper or slowed rollout of 1x due to lack of funding, say to .75-.80 this year, and if we include possible PE compression due to reduced growth, say 25 instead of 35-40, then Qcom price would be in 18-20 range. I really don't know where Qcom will bottom, but it does not appear to have found a bottom yet. I won't buy it until it demonstrates a clear reversal pattern, which might not happen until 18, or who knows, maybe even lower. In the meantime, the gold charts look pretty good. Robin