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


To: Art Bechhoefer who wrote (24532)3/20/1999 5:42:00 PM
From: Maurice Winn  Respond to of 152472
 
"... it is somewhat of an academic exercise to predict where the price will be on such and such a day..." Not really Art. We need to get our chickens counted so we can start spending the right amount of money NOW! Then we can repay our debts in Feb 2000 knowing that we will have $200 per share to do it.

Sure, the patents provide the basis, but it's the management that is bringing in the money. If management didn't know how to hire the right people and negotiate the right deals and get on well with My Pal Al, not to mention hiring the right lawyers to defend the patents and agree 15% royalty rates for cdma2000, then the patents would just be so many wall decorations. Q! has got the amazing good fortune to have somebody capable of creating the patents and knowing what to do with them once they are created. Quite a successful combination.

'Wall Street' is starting to 'get it'. They aren't really - they just respond to the bottom line and generally see that people are buying a lot of cellphones and Q! seems to have something to do with that. The 6th Dan racing stripe and tailfin remote holders hear 'The Call' and plunk down their 401 cash for a piece of the action because although the market is at 10,000, they have maybe even heard of The New Paradigm, which translates into 6th Dan as 'be in to win'. They love it when the price is rapidly rising as it means they are there at the right time.

Now, back to counting my chickens. Man there are going to be a lot and quite edible by this time next year. The good thing about modern financial markets is we can eat a lot of our chickens before then.

Little Chicken doesn't buy it and is running around saying the sky is falling. Actually, Chicken Little looks like a bright young turkey scared of 200/2/2000.

Mqurice