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

To: llwk7051@aol.com who wrote (31730)	6/4/1999 12:02:00 PM
From: JGoren	Read Replies (2) \| Respond to of 152472

One of the problems with you guys speculating wildly about next quarter's earnings is that it simply raises the expectations on the street. What happens if the company comes in at 85 cents--the stock tanks--even though the results are spectacular. Furthermore, the short-term focus pressures management to sacrifice long-term growth for short-term results. The real long-term growth of Qcom depends on exploiting the cdma market and helping to generate growth in the overall market. The chip sales will fuel sales growth for the next few years, but whether the company becomes a so-called "gorilla" depends on what he calls the "applications" business. That is the one that is hardest to gauge because none of us knows where it leads; nor can we really predict that the company will execute. Nevertheless, the company is well positioned with its lock on the technology and its being ahead of everybody else: But that is no guarantee of success down the road. At best, it will be up to the company if it can use its lead to come up with products that the customer wants, market them at a profit, and maintain its lead in the industry. That is about all anyone can ask of a company--that its future is in its own hands.