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

To: bdog who wrote (15151)	9/17/1998 7:13:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

bdog, playing possum is an old trick. See, you bought! Works every time. That's why Qualcomm is up. People asked why Qualcomm is up on good volume. To coin a phrase, 'more buyers than sellers'. Anyone measuring Qualcomm on future returns in the midst of worldwide depression can only conclude it is a buy at such cheap levels. The only sellers of Qualcomm now are people who have believed the Little Chicken crowd and that slogans such as all boats go down on a falling tide are true. Or those who have been caught out on margin. Or maybe they just want to buy a house instead of living in a tent. Okay, there are lots of sellers. But more buyers! Those who are wanting investment returns will be buying because interest rates are NOT going to give returns like Qualcomm over the next 10 years. Some people try to guess the bottom. Good luck! They'll need it. The wise will simply buy in because Qualcomm is very cheap compared with interest rate returns, the technology continues to develop in leaps and bounds - PCS98 will see some nice cdma2000 demonstrations by Qualcomm [Irwin and Son]. Communications is NOT a luxury expenditure. It comes after water, food, tent, girl chasing, booze and cigarettes. Even in a depression, there will be plenty of cdmaOne installations and handset sales. Qualcomm featured nicely in Fortune with super high growth rates in revenue [10th] and net income [20th]. This is especially impressive because revenue is at a $4bn per year rate. For companies over $1bn per year revenue, Qualcomm has the 5th fastest revenue growth rate. That is not bad! With earnings to match. An enormous market to do it in. IPR to defend their position. All that stuff. With a P:E of about 30, one of the fastest growth rates in the USA for a substantial company, and other financial measures all excellent, it is hard to see why anyone would prefer interest rate returns to Qualcomm returns. At some stage, people will understand that the world has been in one huge bull market for 100 years [give or take half a dozen decent bumps] and it will continue because people don't want to go back to living in caves. Qualcomm is one of the leaders in improving lives. People will give them money to acquire their products. When people get sick of waiting for a huge crash, they'll see Qualcomm rising in price as recognition of real value returns and quicker people off the mark buy in. Lots more buyers than sellers. Everyone in the world wants to buy Qualcomm products but they don't know it yet or the products are not yet available to them. Me for instance. I'd love to use cdmaOne, but am stuck with analog for now. Mqurice [Holding my word record!]