Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Frank Byers who wrote (8113)	2/6/1998 10:27:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 152472

Frank, don't get excited over chuckj. He is just having fun. Read his posts carefully and you should know he is none other than ...... Well, I better not reveal his identity. His therapist would not like it. Now that everyone had their fun, we should move on to more serious stuff. The good news is that Korea is no worse than the Ramsey Su go on vacation effect. Just a short month ago when I was feeding my body to the mosquitos, QCOM hit a lower low than today. Putting it in proper perspective, today really wasn't too bad. Further more, if you do some rough calculations and quantify the press release, QCOM is reasonably valued at this level. Any more downside from here should be buy opportunity. Lets say QCOM drops to 30 before recovery. The shorts should be happy. The longs, aside from having some ulser pains, will not even remember today when QCOM double, triple or whatever a few years from now. See, everyone can go home happy. The message from Korea is loud and clear to QCOM shareholders but obviously ignored by Wall Street general. The market is rallying as if it is going to be business as usual. Are they expecting great earnings to come in this and the next few qtrs? In hind sight, when all the analysts were drilling QCOM about Korea during the earnings conference call, management was not very forceful with their responses. I don't think they have any intent to distort the facts. They probably just didn't know how things were going to develop. That was the question I raised during my SEA ramblings and it still remains the top question in my mind. Does anyone know how severe this problem is going to be? Japan, China, HK, Indonesia ....etc still haven't shown their cards yet. Do we or don't we have a problem? Guessing yes, I have to admit that I went below my "don't touch" level of QCOM shares today. Just looking forward to the day that I can reload my QCOM shares. Ramsey