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

To: dougjn who wrote (8147)	2/7/1998 6:36:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 152472

Dougjn Forgot to add one more point about Korea. For the first time, they are running a trade surplus since Nov 97 at US$211 million, followed by $2.32 billion in Dec and $1.6 billion in Jan 98. The major reason being a drop of 40% in imports and a 1% increase in exports. LCs are hard to come by. In hind sight, QCOM should have delayed the announcement for a week or so, or at least send me an email so I have a chance to sell before yesterday's slaughter. Ramsey

To: dougjn who wrote (8147)	2/7/1998 7:32:00 PM
From: brian h	Read Replies (2) \| Respond to of 152472

Dougjn, You and Ramsey analysis is as good as any analyst on the wall street firms and still claims a long term bull of QCOM. The only concern I can see is that you guys are so flexible and concentrate on short to immediate term of QCOM's (or any stock) stock price. You will miss out the big run-up just like you guys made a good run last time before QCOM's last fall. Without 2/5 QCOM's surprise, you ended up paying $49 for your re-entry point. You claims QCOM will fall again. That is fine. However, It could go up without you guys great SEA analysis. It could go up 8 point such as ERICY signs a QCOM license, a big surprised Japan phone order, ETSI agreement to pay royalty to QCOM, a sudden revival of Nextwave, etc.. Does this surprise factor a part of your analysis or claims for downward trend of QCOM? You seems so certain about your analysis. Can you give us your guarantee? Or your guess is as good as any body on the wall street? I certainly hope that you and Ramsey's flexibility pay you good dividends on later QCOM's purchases. I will certainly join you to get my share of QCOM again at 30's or even 20's. By the way, QCOM was in this $33-$54 price range even before QCOM made any commercial handsets and proven CDMA technology. Are you really sure the Korea and SEA had that much impact on QCOM's stock price? Or just the implied volatility of QCOM stock. Good luck to all. Brian H.