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

To: JGoren who wrote (28416)	4/27/1999 4:56:00 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

Since you ask, my response to reaching $218 is sheer delight. I'm not a seller, but I like the full value of stocks I own to be recognized, just in case. I hasten to add that $218 is NOT full value. Since the $80 prediction was finally breached after a Fatwah effect for 6 months, my only prediction has been the brief 200/2/2000, meaning $200 by February 2000. {There was a brief $100 goal in there too}. Nothing to do with splits, sorry to have given a confusing guess [ooops, er, decisive prediction]. So now I'm thinking the crystal ball must have been automatically adjusted for the announced split and it is $200 POST-SPLIT, so we have still to double by Feb. About 6 months ago, when people were talking about a buyout of Q! at $80 and I was panicking at the thought that people could seriously contemplate selling at such an absurd price [though millions of shares were trading in the $45 range], I said, "At $300 they can have my shares now, $150 and I'd think about it. Anything less, forget it", or words to that effect. Since then, everything has gone very, very, very well for Q! so my price has been revised upwards. But, sorry to say, I don't actually have a price in mind right now. I suppose it is "$600 and you can have them now, $300 and I'll at least think about it". Since all cellphones will be CDMA in a few years, using WWeb from Q! and extorquerationate royalties of nearly 6% were agreed by Ericy in a desperate attempt to get themselves back in the business, my price will be even higher. Qualcomm has had a huge victory. 15% royalties seemed reasonable for such amazing technology which nobody else could do [since it breached the laws of physics], but such a high royalty was wishful thinking [by me and I never really thought it likely]. I thought that WWeb royalties would be "in the low single figures" as Qualcomm had stated on at least one occasion a year or two ago. Q! however, had Ericy so screwed up and buttoned down that Ericy sold the whole industry down the river by agreeing to a 'high' royalty, at the same level as cdmaOne and applicable to any form of CDMA [W-CDMA, cdma2000, cdmaOne, HDR]. This being about 5.5% judging from confidentiality agreement leaks from Korea via newspapers. While Ericy doesn't control everything, they were important enough that their agreed royalties set a benchmark for all others. Presumably SETI and the IUT would agree to the standard if they had sufficient support and Ericy must have been able to swing NTT and enough support to their deal at nearly 6% royalty. ASICs [base station and handset], OmniTRACS, WirelessKnowledge, ThinPhone, pdQ, QCP820 and other old line handsets, Globalstar [handsets and gateways], Wireless Business Solutions [OmniTRACS in some form], CineComm, Condor and Contract Research, Eudora and Skunkworks are all doing very nicely. So, marginmike selling some stock in hopes of a pullback is risky. George Gotch's 'what goes up, must come down' theory seems dodgy too. Watching for the sky to get a tree grow all the way through, Mqurice