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

To: Ruffian who wrote (22598)	2/6/1999 2:30:00 PM
From: Keith Feral	Read Replies (1) \| Respond to of 152472

Michael: I hope the fight is half as good as the CDMA vs. GSM battle!! BTW, I wanted to mention that I talked with one of my friends who is a CTA (chartered technical analyst) on Friday. He makes it a point to know as little about the fundamentals as possible. To make a long story short, he said the chart is really looking good for QCOM and is going to $72. I looked at the Bollinger bands on Wall Street Investor (www.tscn.com - go to graphs & view menu for technical graphs). The upper range of the Bollinger bands are now set at $72. Merrill Lynch just set a $72 price target. Everything is suggesting a retest of historic highs this week!! We'll see how the stock responds after the breakout. Fortunately, QCOM has the earnings power to sustain a big move. It's not like MOT trading at 70 times earnings or CSCO or Dell trading over 100 times earnings. I have always told myself to be patient & wait for the stock to split. After this quarter, the company could do a 2 for 1 split and still have more than $1.75 in earnings for 2000. If mgmt is truly serious about enhancing shareholder value, we need a stock split after the March quarter. It will increase the liquidity of the stock and give investors something to really cheer about. Good luck!! I hope we get some great news this week out of CTIA.