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Technology Stocks : Qualcomm
QCOM 152.50-1.0%Jul 17 3:59 PM EDT
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To: xr1 who wrote (52)1/30/1997 9:44:00 AM
From: Philip Merryman   of 68
 
Mr. Nadel,

Usually -- not always -- but usually the stock price reflects a company's net income. Precisely what Qualcomm's net income will be for 1997 and beyond I do not know. However, I generally believe that IS-95 CDMA will essentially replace landline telephones for the purposes of voice communication in the United States. This, along with the facts that Qualcomm owns IS-95 CDMA, is one of the largest manufacturers of CDMA phones and will soon be a major manufacturer of CDMA infrastructure equipment leads me to believe that Qualcomm will prosper.

Philip Merryman
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