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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (51172)	4/29/2002 7:47:28 PM
From: AMF	Read Replies (1) \| Respond to of 54805

Hello Cha2, I note from your profile that you still list JDSU as one of the stocks you hold. Everything I read/hear about telecomm. industry is so negative both short and long-term so I'd be interested to know your reasons for continuing to hold (assuming that your bio.info. is current). Much as I like to bash analysts, it would seem that Paul Sagawa (Sanford Bernstein??) was certainly right when he first talked about over-capacity. Of course I didn't listen... anna@likeadeerintheheadlights.sigh

To: gdichaz who wrote (51172)	4/29/2002 8:41:57 PM
From: Andrew N. Cothran	Respond to of 54805

Thanks for your comments, Chaz. I, like you, hope that QCOM will NOT buy back its shares in the open market. It has much better things to do with its cash at the moment. And, as you say to Mike, it has done very well in the past using its (our) cash to advance the cause of CDMA worldwide. But it is nice to know, also, that management knows how to make an extra buck from time to time by using its investment prowess to our advantage.

To: gdichaz who wrote (51172)	5/1/2002 3:20:32 AM
From: Jacob Snyder	Read Replies (1) \| Respond to of 54805

re: QCOM's junk bonds: This can happen to investment-grade bonds: By GREGORY ZUCKERMAN Staff Reporter of THE WALL STREET JOURNAL In May 2001, when WorldCom sold a record $11.8 billion of bonds, investors clamored to get their hands on them. Now, they're scrambling to get out. In what will likely go down as the worst bond deal in history, WorldCom's bonds are now trading at about half their original value, meaning investors have lost almost $6 billion in just under a year -- a stunning decline for investment-grade-rated bonds, normally among the safest bets investors can make. So, imagine what can happen to junk bonds. What I'm seeing here, is a management that is addicted to gambling. No matter how big their previous losses, they keep throwing the dice.