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

To: marginmike who wrote (125464)	11/14/2002 1:48:19 PM
From: Jeff Vayda	Read Replies (1) \| Respond to of 152472

MM, dont be so quick to throw those absolutes around! re: Everyone I know Hates this stock and I dont get Jeff Vayda

To: marginmike who wrote (125464)	11/14/2002 1:55:22 PM
From: Andrew N. Cothran	Read Replies (2) \| Respond to of 152472

Marginmike: It's all psychological with QCOM in the minds of the haters. And their psychology stems from their experience. QCOM ran away from them as they getting ready to fish. It then lured them on at a very high price and getting higher.. It then turned on them just after they bought and were getting cozy with the idea of being one of the smart onces who knew a good thing when they found it, even if they did climb aboard late in the game. QCOM then turned, as spiking stocks tend to do and then ravaged them as a shark ravages its prey. It then let them slowly bleed to death, sapping all of their energy, so that they could be eaten at leisure. And then, just as they had resigned themselves to the lure of the short side, thinking that the now-resting shark was vulnerable, it turned again, playing with them every day, soaking up all their small change as any fickle teenager would do with her sometime date. And, once it had exhausted their last remaining reserves, it turned and once again began its rapid climb upward, leaving them all behind in a feverish attempt to cover their shorts. Yes, Everyone (no not everyone) hates this stock and don't get it. Too bad. Too sad. But they should have known better. You don't play around with QCOM unless you like dangerous games. You just latch on and stay the course. This fish can swim. And it can take you with it as long as you are friendly.

To: marginmike who wrote (125464)	11/15/2002 9:18:36 AM
From: limtex	Respond to of 152472

MM - I think you are 100% right (as per usual). It is crstal clear that here is a love hate thing about QCOM. I think that one expalanation is that many people who didn't like thewhole tech thing believe that they were right to crtisize the tech boom and especialyl the telecom boom and they now are puffed up with be ing justified. Then along comes this QCOM, one of the big stories of the boom and it just won't go awa despite all the shorting in the World. Worse still it does what it said it would do in China and in Korea and in Japan and now in the US. They search desperately daily to find a stuffed channel or a lowered handset estimate or a reduced subsidy in Korea or a component manufacturer who is reducing his estimates and everything they come up with gets swept aside as QCOM continues to flourish. They cling on in depseration to the hope that the GSM gang will defeat QCOM and its upstart patents. They hope desperately for someone to challenge QCOM in a court and even those hopes are dashed on the rocks of QCOM growing patent portfolio. They beleive that technologies are basically fads that have no permanence or permanent profit potential. Their pain increases as QCOM continues toprove them wrong qtr after qtr, year after year. Worse still if they are wrong and we are right QCOM is indeed a phenomenon and willl soon have an almost monopoly on mobile data throught the entire World. This thought drives them to distraction and they short it. Best, L Worse still QCOMs balance sheet is rock solid and getting materially stronger.