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


To: 2brasil who wrote (8861)2/25/1998 11:10:00 AM
From: 2brasil  Read Replies (5) | Respond to of 152472
 
Anyone seen small article page 138 of Forbes magazine (FEB 23) by Scott Woolley. last paragraph-----

"QCOM admits the won drop will sting,but says increasing Korean sales will partially offset the loss.Hug? financially shell-shocked Koreans are cutting back on luxury items.SK Telecom's growth subscriber growth dropped by more than half after devaluation.More bad news:cellphone handset margins are plummeting in a new wave of competition from Motorola/Nokia & Ericsson. Investor denial has QCOM p/e at 37.The stock could drop 38% by September TO $35 shares are borrowable if you want to short it.-SCOTT WOOLEY

I suppose this was written before Airtouch $240,000,000 deal etc etc also SPRINT/AIRTOUCH get positive articles in the same magazine
Bruce