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

To: Mark Glembocki who wrote (28007)	4/21/1999 10:08:00 PM
From: Sawtooth	Respond to of 152472

<<I would love to capitalize on this crazy uphoria in the market in general by shorting individual stocks but I don't have the stamina or fortitude to hang thru the mania.>> Mark, try putting three hagfish fillets in a blender; puree for two minutes. Add a teaspoon of dinkum oil to the pureed hagfish; beat until frothy. Mix in a bowl with one-half cup of VW-40, combine with the well-filtered liquid from a quart of Ripple, and enjoy! An old thread recipe that cures any stamina and/or fortitude deficiencies regarding the Q. ; ) (Welcome to the thread!) ...Tim

To: Mark Glembocki who wrote (28007)	4/21/1999 10:18:00 PM
From: DaveMG	Respond to of 152472

Mark, Welcome aboard, if even only temporarily. Nice to have someone who works with wireless posting. I have a couple of questions.. 1) Is Lucent making its own CDMA infrastructure chips? and.. No doubt QCOM is good and CDMA "may" have a future. (believe me the big boys won't pay QCOM royalties for ever,,,, not going to happen). What will replace it, and when? TIA...DMG

To: Mark Glembocki who wrote (28007)	4/21/1999 10:21:00 PM
From: Caxton Rhodes	Read Replies (1) \| Respond to of 152472

Mark- Easy come, easy go. But the Q! has real earnings don't forget and they're growing like crazy. Things have changed significantly for the Q!'s outlook. CDMA is now the world standard, we won't be forever splitting it with GSM. Q's ownership of the IPR is now certain as they have toppled the Euros. CDMA is the China standard. That is why this stock is reaching its potential. There is more to come with handheld internet surfing/trading and last mile wire wireless potential. The risk is not owning a part of this company early, and it is still early. Caxton

To: Mark Glembocki who wrote (28007)	4/21/1999 10:31:00 PM
From: Jon Koplik	Respond to of 152472

Mark - I think you are focusing on : "Q was $50 or so in January 1999. If it is already almost $200, that scares the **** out of me." The problem with this analysis is -- QCOM never, ever should have been as low as it was recently. I think QCOM also traded around $50 about 3 or 4 or 5 years ago. If the investing world had "figured out" Qualcomm in a slow, continuous manner since then, you probably would be looking (today) at things like the price to sales ratio or IPR holdings of Qualcomm and thinking "Okay, looks good. Still a lot cheaper than Cisco or AOL or ..." Jon.

To: Mark Glembocki who wrote (28007)	4/21/1999 10:48:00 PM
From: JGoren	Read Replies (2) \| Respond to of 152472

Those of us long-termers are quite understanding of the "risk". We have held for years of the 37-70 trading range believing that the stock was way undervalued. What you are seeing is a massive revaluation, first with the lifting of the uncertainty with the Ericy settlement. The past 24 hours was based on the first numbers giving an idea of what the settlement means. 195 is probably too high on the basis of 30X next year's earnings, which the analysts are already predicting to be over $5.00, but the analysts are overly conservative. But, we also believe that Qualcomm has the potential to become a great world-wide franchise of the wireless world. We know there is risk. We don't expect it to stay at $195 short term; it's going to be volatile. We do expect that performance--real earnings--each quarter will determine the stock's value. That is not to say that we are not somewhat appalled by the momo folks who are jumping on the bandwagon. Qcom is not an internet stock, and that's one reason we like it. The long-term posters know and understood the technology long before most people ever heard the name Qualcomm. You must understand that Qualcomm has been on many "recommended" lists for this year, and the institutions were accumulating shares at least through March 25 announcement. What happened today is probably an overreaction to enormous SURPRISE and ASTONISHMENT in yesterday's report. Finally, remember that most increases in stocks occur in situations like this--an event that changes the story and causes a revaluation of the company--and that most of a stock's price increase during a year occurs in just a few trading days of that year. Did I hear right in the CC that Irwin is expecting an announcement on a country-wide cdma within the next month? Expect an announcement that Qcom is building handset factory in China--you heard it first here.