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

To: Ramsey Su who wrote (30324)	5/19/1999 11:24:00 AM
From: Bux	Read Replies (2) \| Respond to of 152472

Has Tero finally grasped the global telecom situation? Here is an excerpt from his recent article at debry.com Letting go is the most important decision in investing, arguably far more important than choosing a winner in the first place. There is a possibility that Nokia and Ericsson will double in value within 2 years and there is a possibility that Qualcomm will quintuple in value within the same time frame. Tero sure is beginning to sound humble.

To: Ramsey Su who wrote (30324)	5/19/1999 12:41:00 PM
From: Art Bechhoefer	Respond to of 152472

Ramsey, I had exactly the same take on the press release. Furthermore, looking at this issue historically, QUALCOMM meets or exceeds its expectations - ALWAYS! Conversely, most seasoned analysts (I use the word seasoned advisedly, because I don't know what seasoning they're using) have tended to underestimate both sales and earnings because they don't understand the real growth of wireless telecommunications, and why that growth is taking place.

To: Ramsey Su who wrote (30324)	5/19/1999 1:12:00 PM
From: bananawind	Read Replies (1) \| Respond to of 152472

Ramsey, I was on the road yesterday when the WSJ stuff hit. First take on having my assistant read it to me was "what a bunch of horse-hockey, I hope it goes down a ton so I can buy more." When I got back to the office this a.m. and saw Q's press release I was even more convinced that, once again, WSJ and the dark side were doing a typical hatchet job. The underlying message I got from the release was, "hey, what Korean bubble in our march earnings? Looks like we underestimated royalty for the period and, by the way, next quarter looks even stronger than the last." When Irwin speaks, everyone should listen as hyperbole is not his style. As Maurice knows, Irwin's very, very's are MIT-exponential-very's and carry a lot of weight. My buys were executed this morning. Best regards, Jim