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

To: Anthony who wrote (12615)	7/21/1998 6:18:00 AM
From: limtex	Read Replies (2) \| Respond to of 152472

A - there is no question that we on this board love the Q. The probelem appears to be elswhere in the rest of WS who haven't noticed what we all have. A few months ago the Q got some kind of added status because it got into the S&P 500 got a short push and then back down it went again and so on and so on. Even on very good days for the market when all caution seems to be ignored even that doens't apply to the Q. And its technology is fantastic and CDMA is definately growing world wide and will catch up GSM over the next few years. But all of this doesn't mean a thing in WS. I don't know if its because the Q has been infected with a severe dose of Korea or Asia generally but the US should be good enough to drive the stock itself. Learning patience but I hope I haven't made that most fatal of all investment mistakes twice this year and fallen in love with the Q for what I belive its technology will do in the future. Regards, L

To: Anthony who wrote (12615)	7/21/1998 7:56:00 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Anthony - several possibilities on why most of the investing world does not care about Qualcomm's accomplishments and future potential. A lot of them boil down to "everyone is secretly (or, unbeknownst to themselves) a 'momentum' player." A friend of mine works at a small merchant baking firm (more or less sort of like a venture capital firm). He has told me that whenever his firm is trying to round up some money for a business, NO ONE wants to be "the first one in," and everyone would love to snap up the last available shares (or units, or bonds ...). People want to feel like it is clear the rest of the world has already put a "stamp of approval" on the investment being contemplated. It really is quite ridiculous, unless one thinks the concepts of Finance (as taught at Business schools) are much less important than Game Theory. I do believe that once QCOM "gets going," (the share price, not the fundamentals of the business (because, the fundamentals are already in warp-drive)), we (apparently) early-"understanders" will have an easy ride. Jon.