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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Rick Slemmer who wrote (387)	1/8/1998 3:18:00 AM
From: craig crawford	Read Replies (3) \| Respond to of 18691

Isn't QCOM famous for it's Korean exposure? I'm getting ready to short S. Korea

To: Rick Slemmer who wrote (387)	1/8/1998 3:30:00 AM
From: allen menglin chen	Respond to of 18691

Candlestick Park in SF was renamed 3Com Park in 1997; COMS down from 80 to 33 :)

To: Rick Slemmer who wrote (387)	1/8/1998 12:25:00 PM
From: Dan Ross	Read Replies (2) \| Respond to of 18691

I worked as an ANALyst this summer following emerging telecommunications companies/technologies....QCOM was a company that I followed.....Personally, you may pick up some points....Last time the stock only slid to 45....42 during the summer....The P/E is irrelevant given the growth rate that the company is attaining.....LOOK AT PROJECTIONS....They may come in a hair under them for the year but IMHO this is a risky short position....Their EPS this Q should be very good....Royalties, however, are going to get hurt this Q since they are denominated based on the selling price in the manufacturers country...Royalties from Korea will be negatively impacted...However, worldwide deployment of CDMA is accelerating quickly.....There is also the possibility that they will start to use accrual accounting for royalties rather than a cash basis...This would add .20 this Q to their EPS...a one time benefit.... Just some points I am thinking about going long on the stock now....I sold most at 65 and then my last at 59,5....all were purchased under 46... Dan Ross