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

To: qdog who wrote (8822)	2/24/1998 8:28:00 AM
From: Greg B.	Read Replies (3) \| Respond to of 152472

Just reading WSJ this morning and saw this interesting tidbit (excerpts only, starting on pg A3): "Network snags imperil sales of Motorola" Motorola Inc. is struggling to correct defects in its cellular network equipment and software that are crippling its expansion into new wireless systems and have already led one major customer to cancel its order. Executives close to company said PrimeCo Personal communications L.P. the wireless-phone serve owned by Bell Atlantic Corp, US West Inc, and AirTouch communciations has cancelled its $500 million contract and will replace almost all its Motorola gear with equipment and software from rival supplier LU. PrimeCo's decision could be announced as early as next week, the executives said. ..... Ordering a manufacturer to pull out systems is a rare occurrence in the phone industry, where most suppliers are scrutinized and their equipment rigorously tested before the system is cleared to be "cut over" to handle regular traffic. ..... The Motorola gear uses a new digital software scheme called CDMA to transmit and route calls in digital code. The CDMA transmission is considered state of the art and one to which number carriers have been moving. But executives said PrimeCo had suffered more than 100 Network failures in the last year before moving to pull the plug on Motorola. ....

To: qdog who wrote (8822)	2/24/1998 8:48:00 AM
From: Ramsey Su	Read Replies (3) \| Respond to of 152472

qdog, just finished watching excellent interview on Squawk Box about Asia impact. These guys must have been reading my posts. I am turning extremely bearish again. Why? I am leaving on vacation Thursday. Those who had experienced past "Ramsey Su vacations" would attest to the reliability of this indicator. qdog1, take the opp to dump those margined shares. You have been forewarned. Come dn the airport on Thursday and buy me lunch. After digesting all the news yesterday, I am actually a little pissed off at management. Though the Korean cancellation could be filed under the unexpected category, the press releases yesterday did not just come out from thin air. They certainly knew of the product introductions and the pending contracts two weeks ago. Instead of creating a panic, they could easily issue some guidance now and smooth out the bumps. The net results of the new contracts and the cancellations are positive. So if one likes QCOM earlier this month when it was in the mid 50s, the current price should be even more attractive. However, short term news from Asia, especially Korea, could give this stock another hit. In summary, I will give QCOM a Merril Lynch type rating - 1-3-R-30-P-7-6. (1 for intermediate short term not to exceed midterm, accumulate mid-term to not so long term, R for a Ramsey Su vacation discount, strong buy if stock hits 30, punt if none of the above hold true......) Ramsey