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

To: JMD who wrote (6342)	12/12/1997 8:46:00 PM
From: Ramsey Su	Respond to of 152472

Mike, don't worry, there is nothing wrong with the big Q. Keep buying when it is on sale. Ramsey

To: JMD who wrote (6342)	12/12/1997 8:57:00 PM
From: qdog	Read Replies (1) \| Respond to of 152472

Welcome to the QCOM funny club. Money to be made by all. Shorts, longs; doesn't matter. My goodness, go to the preamble of this thread. And I sold my put protection and didn't go long today. Probably that was a mistake; not going long. Just like the MSFT snobs, that preach about hte greatness of Bill, I don't buy into any theory but one; making money. Will the stock rebound? Why not! What changed from last week to this week; not a damn thing; except chuckj, rejected by QCOM to work for them. Sure it a drag to look at this downturn, but nothing has changed in terms of this companies growth or profits. Korea, was a maturing market for handset's, so that sorted bit of nonsense is behind us now. It won't fall off into the Sea of Japan. Now everyone have a nice weekend and read the balanced piece of jouranlism that I read today. Forget the poisonous flies in the the marketplace. Frankly, Sunday morning research will be into call options and It might be Jan 55's on Monday morning. Relax, enjoy life...........EXCEPT THIS COLD WEATHER!!!!!!! americasnetwork.com

To: JMD who wrote (6342)	12/12/1997 9:46:00 PM
From: dougjn	Read Replies (2) \| Respond to of 152472

Mike, your posts are always so literate and a pleasure to read. I think most people who day trade lose big after a while. I don't generally do that. Well, never, really. I like to think my normal, or at least wished for, mode is buy and hold. But the long straight bull is over for a while. We are in a real turbulent period. So if pays to catch the most obvious macro trends, at least in my view. Anyway, do you still love Tlabs? It seems to be getting reasonably priced these days. Regards, Doug

To: JMD who wrote (6342)	12/13/1997 10:06:00 AM
From: Eric Daniels	Read Replies (2) \| Respond to of 152472

Let's put the 29% drop in perspective... Like you Mike, I am a long term investor, and questioning it. I have owned Q since 12/97 IPO @9+ (correcting for split) and have been buying ever since. If you look at its spectacular falls: 10/93 41.37 to 6/94 15.5: a 64% drop!! 11/95 47.37 to 4/96 31.6: a 33% drop! and now 11/97 71 to 12/12 50.7: a 29% drop! (and maybe to 45, a 37% move) Even with these drops and the present stock price, the compounded annual stock price growth for the past six years to date is 33%!!! Without, for a moment, considering the strong growth phase Q is entering, projecting the past six years growth rate for the next two years, we end up with a 12/99 price of 90. Is 90 unreasonable based on projected earning of $3.00+? That price will give us all a 33% annual return on our present investment. To get a return of 15% annually, which still beats long term historical stock averages by 3-4%, QCOM has only to be at 67 in 12/99. (With a PEG that Peter Lynch would say mortgage the house for.) Have we reached the point where we are not satisfied with a reasonably secure 15% annual return? I remain with the two thirds of Qualcomm holders that did not sell this past week. I have been an infrequent contributor over the years but very much appreciate the contributions of all who post on this thread, with particular thanks to Maurice, Chris and Ramsey,the founding fathers. Regards to all, remember it can't be too easy, Eric Daniels