Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gregg Powers who wrote (31065)	5/26/1999 1:11:00 PM
From: marginmike	Respond to of 152472

I also pointed out I thought he was doing a great job. I admit I am adicted to this stupid stock quote screen. Do you think theres a help group? In any regard hope things are well in NAPLES

To: Gregg Powers who wrote (31065)	5/26/1999 2:57:00 PM
From: bananawind	Read Replies (1) \| Respond to of 152472

Gregg, Another great post, particularly on the subject of irrational emotions and investing. I know you will remember this quote that I posted here a long time ago and am posting again for benefit of our more recent arrivals. A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves. But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the "hamburgers" they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices. Warren Buffett 1997 Annual Letter to Shareholders

To: Gregg Powers who wrote (31065)	5/27/1999 12:17:00 AM
From: w molloy	Read Replies (2) \| Respond to of 152472

Query regarding "Private Chinese carrier plans huge CDMA network " eet.com Excerpts from near the end of the article Local manufacturers have meanwhile announced advances in CDMA system design and production. Zhongxing Telecom (Shenzhen), China's first CDMA research unit, said it has designed a system based on its own intellectual property. Any idea what this really means? And one paragraph further on.... Industry experts here said some patents for CDMA handsets are held by Qualcomm. If patent issues are resolved quickly, they said, many Chinese manufacturers will jump into handset production. Are the Chinese trying to pull an ERICY on us here? i.e. looking not to pay QCOM license fees

To: Gregg Powers who wrote (31065)	5/27/1999 11:55:00 AM
From: RalphCramden	Read Replies (1) \| Respond to of 152472

Why? Because the answers are NOT in the daily price fluctuations...the answers lie in conversations with customers, competitors and so forth. And if everybody understood that, the traffic in this group would be 1) about 5% of what it is 2) about twice as valuable. Gregg, I can't believe you give away such valuable analysis (not just this post) for free. You have absolutely improved my investing. As I watched people around me cashing out options at pre-split $100/shr, I held on by my fingernails and thought back on Message 9037212 and Message 8938991 Perhaps I am oversimplifying, but 1) This is currently a $2.50 earnings per post-split share per year stock, with about 35 million CDMA customers in the world. 2) In a few years, there will be more than 350 million CDMA customers in the world, with no real reason not to figure on billions of customers on some 10, 20 year time scale. 3) Liberally, in a few years with 350 million CDMA customers QCOM is earning $25+/shr and trading at its same PE so in a few years this is a 10+ banger 4) Conservatively, competition and other factors push QCOM down to $12.50 earnings and PE drops to 20 to reflect whatever, and QCOM is a 2.5 banger. THEREFORE: No matter how you slice it, it is too early to sell. And today's price means nothing as long as it is south of $200 or so. PS - Gregg, I'd like to diversify my 4-bangers. Any suggestions other than QCOM? Thanks!