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

To: Joe NYC who wrote (19360)	12/8/1998 7:15:00 PM
From: space cadet	Read Replies (3) \| Respond to of 152472

Hi people, I'm new to qcom and this thread. I've read the last few posts about the reason for today's weakness. My question is more basic: given the excellent position of qcom technically and the fact that a lot of hi-tech stocks have doubled, and even giants like msft and intel are up by 50% why has qcom not participated in this widespread rally? As a result, qcom is looking quite reasonable, with one of the lowest p/e's around of any "name" tech company. I would like to understand why it hasn't zoomed along with the Nasdaq to see if it is a good buy here, or if the smart money knows something that everyone else doesn't. Right now qcom looks pretty good to me.

To: Joe NYC who wrote (19360)	12/8/1998 10:25:00 PM
From: Gregg Powers	Read Replies (3) \| Respond to of 152472

Jozef: I forgot to mention that Cabi included the Sony "noise" on his hit list. On this point I can be totally and completely unequivocal...the Sony recall will have absolutely, positively no negative impact on Qualcomm...(absolutely, positively is about as unequivocal as I can be). Remember in the March and June quarters when Qualcomm restructured its relationship with Sony? At that time the companies completely separated the research, development, marketing and warranty aspects of QPE. Since Sony developed the software that controls the analog power output of the involved phones, Sony, not Qualcomm, is responsible for the costs of recalling, replacing or repairing the handsets. Ironically, what Cabi attempts to describe as a major negative is probably, on the margin, a minor positive for Qualcomm. Note that the involved Sony phone is very similar to the QCP-2700, so operators concerned about the negative publicly associated with the Sony product may opt for the Qualcomm product instead. Maybe Mr. Cabi should be employed by the National Enquirer rather than a major New York wirehouse. What a pathetic state of affairs. Best regards, Gregg