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Zeev Hed

11/14/02 5:18 PM

#45624 RE: Iceberg #45614

Yes, today's action on QCOM counts as a break out. I does not mean that we don't get another swoon down (I would estimate worst case low $36 or so) if the market takes a dive, but now QCOM should (key word) trade in the $37.5 to $40.5 range or so.

Zeev