Qualcomm Inc (QCOM)

[khemara_qc]

TechMeister Mailbag: Tech Still Leads

By Richard Suttmeier
RealMoney.com Contributor
7/18/2005 3:35 PM EDT
Click here for more stories by Richard Suttmeier

Editor's Note: Richard Suttmeier is a columnist for TheStreet.com whose Tech Trading Diary appears every Tuesday on TheStreet.com. He is also the author of TheStreet.com Technology Report newsletter.

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<<I, too, believe in tech sectors, and that they will eventually lead this sluggish market. Productivity should be the name of the end-game, right? Now about our local big wireless giant: Qualcomm (QCOM:Nasdaq - commentary - research). I have been an owner of this stock for about eight years now. I still own 10,000 shares and have only sold about 2,000 shares along the way! I think they are still a strong future play since they own almost all CDMA patents, have about 8 billion in cash and no long-term debt.

What do you think? Is this a solid long-term hold and should we be buying more at these prices (about $35.00 today). Thanks. -- Dave From Beautiful San Diego

Suttmeier: QCOM is 13.4% undervalued, making its fair value $40.55. A close this week above its five-week MMA at $35.04 shifts the weekly chart profile to neutral from negative, increasing the odds of a return to fair value.>>



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