Replies to post #93180 on Zeev's Turnips Patch-No Politics (ZEEV)

[hightecheast]

EDIT: add January

Zeev and all.

COMPQ Weekly and Monthly Charts back to October, 1998 have a broken H&S neckline that was briefly penetrated last fall, December and January ... has been below neckline largely since July 2002

Neckline at COMPQ 1400 now with COMPQ at 1394 now.

In my view, 1400 ought to be strong resistance.

Any thoughts or comments?

Ken Wilson

[extelecom]

Zeev, If Mosis shows up we could bust 1400 easily! Any opinion?

[kanuti]

Qualcomm may face long-term challenge from Samsung chip initiative - Merrill (QCOM) 35.95: Merrill Lynch believes that Samsung's and NOK's new internally-developed chips are a clear negative for QCOM, as they loosen QCOM's grip over the CDMA chip manufacturing industry; while firm believes that the near-term risk for QCOM is minimal, over the longer-term if Samsung decides to completely halt its chip purchases from QCOM, QCOM's revs would decline by 19.2%; firm is also concerned that other co's could potentially follow this path of internal chip production.