Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JMD who wrote (20298)	12/23/1998 3:26:00 PM
From: bananawind	Read Replies (3) \| Respond to of 152472

Mike, All I finally got around to some Christmas shopping yesterday and just could not resist the pull of cell phone displays in four or five different stores. Unlike last year when Q's representation was a bit of a hodgepodge, Q was everywhere in the form of Primeco and Sprint PCS deals. Did not see any Q-1900's, just the 2700 dual mode and QCP 1920's. Two of the latter found their way into my basket at Office Depot where they were offered as "list price $149.99, OUR PRICE $99.99, BUY TWO at $99 and get a $100 mail in rebate." So for 50 bucks apiece I get to introduce my 70-something parents to the world of digital mobile communications - what a country! [note, these were co-branded Sprint PCS phones, so obviously don't count as a sale in the next Dataquest survey - Ha, sure, declining market share, right] I can now see the attraction of prepaid and wish that had been an option with the Sprint deal. They should market the phones with X prepaid minutes included, so that giftgivers can feel a little better about giving "the gift that keeps on taking." Seeing Perry LaForge pop in again was great, but it is almost getting embarrassing the way Clark and Walt handily dispatch the likes of Raymond with well-reasoned, factual analysis. [Carefull, Clark and Walt, or Gregg P. will start feeling as useless as a Reed-Solomon convolutional code] Let's not scare all Teroists off. After all, they are partially responsible, in addition to L M Ericsson [inventor of all things cdma], Mark Cabi, and a few others, for allowing yours truly to accumulate a very sizeable position in QCOM at prices equal to one-half my guestimate of its current value and one-tenth my guess at its 3 to 5 year value. Without them we surely would not have this giant disconnect from rational pricing, and we would surely see the stock closer to its natural home in the $80's than it is at present. Does anyone seriously doubt that Q can achieve $10 billion in sales by '03 or '05, or that their proprietary position, royalty flow, and built in manufacturing margin advantage will not by then permit them to bring 10% of sales to the bottom line after taxes? That's $1 billion net on a 75 million share base. $300 to $500 per share should be a snap. [sorry, if you want to know what it will be worth next week you will have to ask Mqurice, he always knows <g>] So, happy holidays and many thanks to all of you on the thread for an interesting and informed year. Even you Ramsey - please take regular vacations so that new clients get some cheap Q occasionally! May good health and prosperity be with you all throughout the year. Best wishes, Jim Frost