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

To: Gregg Powers who wrote (9567)	4/2/1998 5:52:00 AM
From: Maurice Winn	Read Replies (4) \| Respond to of 152472

Gregg, thanks so much for your cogent analyses. I've read your stuff time after time after time and never find anything with which to disagree. I do detect a little impatience in your tone - same as for Caxton, sitting there on the same share price after two years. You had the good sense to remind yourself and others that patience is a virtue. It is frustrating when obviously defective opinions on Qualcomm's prospects are propounded by alleged experts and accepted as being true. The proof of the pudding will be in the eating. And I have enough to go on with until the pudding is cooked. Do you have any thoughts on cdmaOne total handset sales per year over the next 3 years? I've expressed my wild guesses - which is what we all are limited to judging by all the projections being wildly out for cellular growth. When do you think cdmaOne handset sales in a month, worldwide, will exceed GSM handset sales worldwide in the same month? Now there is the $64,000 question. Though $64,000 isn't much these days with all the printing which has gone on over the decades. Thanks again for your excellent considerations. Please keep them coming and help bring light to the valuation of Qualcomm. Frustrating though it might be. Mqurice

To: Gregg Powers who wrote (9567)	4/2/1998 9:01:00 AM
From: DaveMG	Respond to of 152472

Gregg, Thanks for the low testosterone feedback...... Dave

To: Gregg Powers who wrote (9567)	4/2/1998 11:43:00 AM
From: JMD	Respond to of 152472

Gregg, you are certainly correct to remind one and all that the patience virtue is a necessity, although I do detect some impatience in your recent posts. Let me assure you that the Philips deal and the amazing subscriber growth in Korea did not pass without notice. As it happens, I posted on the Philips news and couldn't believe that it didn't generate more comment. Meanwhile, your Korean numbers may have dramatic impact on next quarter's numbers and nobody said zip. From my perspective, it's kind of simple really. Every time we start to get jacked up about the Q, some guy tosses in a hyperlink to a comparative stock price chart with Ericy and Q over the last year or so, and we all go mope. The market is nuts right now and guys are making money hand over fist in stocks like AOL for christ's sake trading at 569 times trailing 12 month's earnings but ONLY 86 PE on forward 12 IF they make their numbers in June. Meanwhile, the Q faithful are looking at a market cap of slightly over 1X revenues and wondering when the rest of the world is going to sober up. It's just a little hard to keep the faith and, in this atmosphere, even harder to focus on really significant stuff (like Philips and Korea) amidst the techno-hype and flame wars. You obviously know that I and everyone else on this thread appreciate your posts and your perspective. Frankly, of all your observations, the ones I find most valuable are your comments on the Q's senior management team. True confessions: Surfer Mike thinks all this techy stuff is just a kick in the pants, but me not putting down green for techno-gizmoes no matter if they are certified as more important than the 2nd Coming. I buying management first, second, and third--and then see if the toys look kinda groovy too. Since I don't spend a hell of a lot of time chillin' with Henry and Irwin and the guys, your perspective is critically important. There ain't no technology so neat that bad management can't screw it up--take it to the bank. That's why I went in to hyperdrive over allegations that the Q's management team mishandled Black Thursday, that they should have known or did know and didn't fess up over how bad Korea would be. I am totally convinced that they got sandbagged (just like every other company doing business there)and if I thought otherwise, my Q holdings would now be the equivalent of my Ericy holdings. What's the old Buffett aphorism--in the short run the market's a voting machine but in the long run it's a weighing machine? For a while now, our gal ain't been getting too many votes, and some pretty fugly sisters have been treated as the belles of the ball. Keep your posts coming: we all want to be there at weigh in time. Kind Regards, Mike Doyle