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: Shi who wrote (8426)	2/11/1998 1:14:00 PM
From: waverider	Respond to of 152472

Excellent information, Shi. With this kind of insight, we can all make better investment decisions. FWIW, it appears to me that the $45 support level will hold here and that everyone has already written off Korea. Jacobs himself said they won't be selling ANY phones there for awhile and that the royalty payments will be hurt due to translation. With all the news out at this point, and the stock holding here...it appears as if we are out of the woods for the time being (unless there is some other issue hiding under the piles of won). A friend of mine wanted me to sell his QCOM shares this morning (I manage his portfolio), but I talked him out of it after I showed him the five year chart. Diamond H

To: Shi who wrote (8426)	2/11/1998 3:45:00 PM
From: JMD	Read Replies (1) \| Respond to of 152472

Shi, great insight to developing China situation. I have the honor of informing you that you are now official resident China Station Expert on the Q thread. Please keep posting. I listened to the AMAT conference call yesterday. Their CEO (Morgan) is about as gilt-edged in the hi-tech field as they come--analysts love him, shareholders worship him, other techies dig him, etc. etc. He said, and I do NOT quote: Well gang, we're getting hammered by SEA. Things don't look anywhere near as rosy as I told y'all a few months ago. [Ed. Note. Morgan in October dismissed Korea as a "blip"] And the rest of the year is kinda gonna get rough, I'm thinking we're gonna do maybe $.38 instead of $.50 next quarter, and the quarter after that I don't have a clue but it's ain't pretty. Europe and the Americas are humming so it ain't a disaster, but it's a definite hurter." The Mighty Q is a fraction of AMAT but I take this as further evidence that even managements with absolutely outstanding credentials have been taken to the woodshed by SEA. And I further speculate that this might dramatically reduce the collateral fall-out on Q's management's reputation with the Street. OTOH, the other clear message is that Ramsey's SEA Thing is still playing at a movie theatre near you. Mike Doyle