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

To: qdog who wrote (8037)	2/6/1998 11:56:00 AM
From: limtex	Read Replies (1) \| Respond to of 152472

qdog - You've got a realitic view of things - what do you think. The problem aas I see it with the market is that the analysts/fund-managers/market has got today to actually see results with its own eyes before you get an upward movement. A good recent example is PTEK where the threads on Motley Fool showed that executives had been buying and the signs were very good. Stock went from $22 to $31 in only a few days with the major move only after the anouncement. Seems to me same with the Q. Good results announced only 17 days ago and then the stock made its major move from the late $40s. Only yesterday there was a very bullish article about the Q and in the afternoon we get the announcement. This is a great company and Korea is recovering better than anyone else in SEA but local spending wil take a long time to recover. In the meantime they have many other countries to go for not the least of which is China. What prospects can we see for the stock over the next 6 months?

To: qdog who wrote (8037)	2/6/1998 10:21:00 PM
From: limtex	Read Replies (1) \| Respond to of 152472

qdog - Firstly I think that Dr Jacobs and the team have clearly not recognized the full extent and timing of the Korean customer base but that having been said:- 1. They must have been given pretty good assurances by the Koreans who haven't let them down before and probably weren't too sure of the position themselves BUT 2. Despite the tales of six month time lags until the worst hits and "you ain't seen nothing yet" stories - the Koreans have acted relatively like greased lightning to get themselves back on the road and doubters just watch them ...you ain't seen nothing yet. The Koreans have done with starving and poverty they don't like it. OK they made the same mistakes as many Western countries have made ( eg S&L probelms in the US and secondary banking problems in the UK years ago) but unlike the West they will take a hell of a lot of pain very quickly and get back to reasonable employment again this year. They may not get back to the same spending levels so quickly but they WILL be on their way. And so to our thread well well ...what an interesting day. And a whole new cast of contributors to our thread ....and very negative contributors they are too. Talk of law suits and shorting and "down down down" ....and all our familiar faces quiet .....hmmmm.... And what of the subject of al this new attention ahhh... the Q is apparently heading for the low thirtys or even lower so they say...hmmm. And why...because of Korea. But this company isn't Qualcomm (Korea) Inc...is it? No it certainly isn't AND it did invent CDMA didn't it and receives royalties from a number of the biggest in the industry world wide doesn't it? And CDMA is clearly the most efficient mobile phone system currently commercially available isn't it? And isn't CDMA being deployed in many countries by several of the big players in the industry. And didn't we hear about China only this week. They need a lot of phones in China you know plenty of room for several big players there and the Q is in. And didn't the Q get some sort of positive result out of all that European standards agreements last week? and isn't NOKA or ERICY going to have to pay royalties to the Q? And isn't Wireless Local Loop potentially an even bigger earner than the mobile product and WLL is only just getting started? And isn't it in the Globestar deal and in business supplying the Sprint PCS partnership in the US and that market is virtually just at the beginning? AND doesn't the Q have quite a good R&D department and hasn't the Q made some announcements about some potentially very profitable new areas only this week? So far as I have seen none of the analysts has reduced their long term view only the short term but ....two days ahead of the AGM...hmmm And how have the company's revenues grown over say the last three years....not too bad I seem to remember..in fact I thought nothing short of spectacular. And what about the strategy of the announcement a couple of days before the AGM hmmm....doesn't the Dr and the team have anything positive to say and what if they did while at the same time having to issue the korea warning....how would they deal with that..... a bunch a good announcements within the last week or so and then this... out of the blue. It doesn't stack up. We aren't looking at a dead duck company here are we ? Aren't we looking at a vibrant company with virtually the whole world as its market in products that are in high and growing demand world wide but has had a temporary problem in what is temporarily a major market but was in any case due to become a much smaller part of the picture?