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

To: CDMQ who wrote (20382)	12/23/1998 11:30:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Good Yahoo Post> DoCoMo didn't tell QCOM to alter its position on convergence. Rather, the clear implication of the joint-release was that it would be necessary to "build a bridge" to IS-95 in order to get a 3G standard. Since Ericsson was the principal proponent of a non-converged, proprietary 3G standard, that is W-CDMA, and Qualcomm was the principal advocate of convergence, is it not obvious who won and who lost? The Street analysts are too business worrying about the December quarterly comparison to consider such complicated details as convergence, 3G and who is doing what to whom. The only people less interested than the Street analysts are the portfolio managers that are having a field day watching Lucent, Microsoft and Cisco deliver a year's fair appreciation on a daily basis. Who needs to deal with a controversial story like Qualcomm when you can make money hand over fist by throwing a dart at any large capitalization technology stock. So be it. Fundamentals will out. In the short-term the market is a voting machine and in the long-term it is a weighing machine. Wise words from a different time. Let the know-nothing naysayers prattle on about where QCOM stock has been; let them knowingly conclude that past must be prologue. I have my money where my mouth is and time will tell who is right and who is wrong. In the long-run, fundamentals, not hype, not internet chat rooms and not PR--simple fundamentals--will make us money or lose it for us. EAL