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

To: Candle stick who wrote (8306)	2/10/1998 4:01:00 AM
From: Matt Webster	Respond to of 152472

Candlestick, let's not push the CYMI analogy too far, though I personally think it is basically true. The other things to note are that it occurred in the midst of the worst part of the Asian crisis AND that it was year-end, so there was a tendency towards tax loss selling. Those two variables are significant. OTOH, if AMAT or someone warns, that will obviously be bad because QCOM will become guiltier. Also, a general tech consolidation/slide (we have had a nice run lately) will drag QCOM down also. I also wanted to weigh in with my opinion on CDMA. First, the QPhone is a joke. WHen the average consumer sees a Motorola StarTac for $150-200 or the QPhone for $550, the huge cost performance kills the CDMA sale. The QPE dual mode phone is more competitive, but still expensive. Also, CDMA is great for no static, but analog is still king. I am thinking this could very well be the case where CDMA gets leapfrogged for some unknown technology. I would guess the unknown would provide higher data throughput, making a new generation of PDA's and wireless modems possible. I don't know what that will be, but CDMA smacks of ISDN -- incremental improvement too small to justify large marginal costs. Just my two cents. FYI, I am on both sides of QCOM, so I only want a move to 50 or 40. Ideally, I'd like a move to 50 for February, followed by a sell-off but who's being picky? Matt