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

To: gdichaz who wrote (14680)	9/7/1998 7:01:00 PM
From: lazarre	Respond to of 152472

For those who may not have seen these positive comments on QCOM: Sep 03, 1998 Communication Stocks With Sandy Rich of GEM Capital To get The Internet Financial Connection newsletter e-mailed to you for FREE, send an e-mail to ifc-request@mLists.net and write "subscribe" in the body of the letter. Sandy Rich of GEM Capital Management 212-753-0700, provides the following stock ideas in an interview with Mark Johnson. Below is the write up. Sandy Rich of GEM Capital Management has a keen eye when it comes to selecting stocks. His firm manages close to $2 billion in assets and has returned over 32% (annually after expenses as ranked by Nelsons) during the past 10 years. This pro is very bullish on the telecommunications sector and views the current weakness in the sector as a buying opportunity. He feels that the demand for telecommunications products will grow "insatiably" for the next 10 years because technology is driving down prices which feeds the growth in demand for both data and voice connectivity. One of the companies on the top of his list is Qualcomm (QCOM 47 1/4). Their stock is down from a high of $71 because Asian and international worries. They are a leader in the CDMA and wireless communications field. "They not only license their CDMA technology but they also make their own chips... They are investing money in building wireless systems internationally... Qualcomm's technology will drive 3rd generation wireless technology worldwide and are in the perfect position to do so," says Sandy. He sees tremendous value in their stock and feels they will have a substantial growth in revenues during the next several years. Analysts estimate Qualcomm will earn about $2.40 in 1999. Sandy believes their company is fundamentally undervalued by the market and a very attractive acquisition target >>>