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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: A.J. Mullen who wrote (58809)	1/19/2007 2:16:39 PM
From: rkral	Read Replies (1) \| Respond to of 197253

Ashley, I don't think Art implied the QCOM price would drop significantly if Qualcomm lost the video compression suit. That was your conjecture.

To: A.J. Mullen who wrote (58809)	1/20/2007 4:54:36 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 197253

If QCOM lost the BRCM case and the price of QCOM shares remained substantially unchanged, I still can't predict or make a conjecture on what I would do. There are too many other factors affecting the stock, both from within the company and the industry and from outside. You raise a very good question about timely information, and your point that traders don't have enough timely information certainly helps explain why the share price often fluctuates irrationally. I do not believe in instant reactions to a news event, unless I have a pretty good feel for what's going on inside and outside the company. Impatient traders can spend a lot of time, money, and effort that may, in the end, not deliver any more profits than a policy that looks more toward long term outcomes. Art