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

To: dougjn who wrote (6149)	12/11/1997 12:00:00 PM
From: John Hayman	Read Replies (1) \| Respond to of 152472

Doug, Today it looks like someone agrees with you. We are going lower, into 58 region. Anyone guess the next support? John

To: dougjn who wrote (6149)	12/11/1997 12:10:00 PM
From: Bux	Read Replies (1) \| Respond to of 152472

Doug, I beg to differ on your opinions of the effect of Asia crisis on QCOM. I believe the growth of CDMA networks has reached critical mass and without the Asia crisis QCOM would not be able to produce enough phones to meet demand. With crisis, probably still not able to meet demand. I think the Asia crisis is already built into QCOM share price more than one might think. For example, where would price be now without crisis? There has been alot of good news for QCOM recently (CDMA momentum, inability of some major competitors to produce any real competition, traditionally strong sales Xmas, pole mounted base stations on horizon, WLL, etc.) that could justify extreme valuations. However, market jitters, shakes and rumbles coincide with much of this news. When the smoke clears and QCOM shows accelerating profits, then the share price will reflect the good news. Mike Mullen