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

To: Art Bechhoefer who wrote (27976)	4/21/1999 5:23:00 PM
From: Ruffian	Respond to of 152472

"Phenomenal">WSJ Qualcomm Inc. (QCOM) led the sector with a 35% rise in its stock after the company reported fiscal second-quarter earnings late Tuesday that beat estimates by nearly 40%. Calling the results "phenomenal," Lehman Brothers Inc. analyst Tim Luke set a 12-month price target on the shares of $210 to $230. Salomon Smith Barney analyst Alex Cena raised his 12-month target to $210 from the $170 target he had set April 1.

To: Art Bechhoefer who wrote (27976)	4/21/1999 5:31:00 PM
From: Mark Glembocki	Read Replies (4) \| Respond to of 152472

There is only one question hanging over my QCOM party,,,, It seems to me that some of the officers of Qualcomm were not so sure of there potential.... i.e. - A fair amount of insiders sold substantial amounts of stock during Feb. and March. At least given the float the quantity looks substantial to me ! More than that,,, it seems to me with a stock that in hindsight was seriously undervalued,,,, insiders would have been buying on the open market. I have a small position in the company but not sure what to do with it at this time. Any thoughts would be appreciated on the insider activity or in the case of buying, inactivity. Regards, Mark