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January 2000
YEAR 6 IN REVIEW
Inside:
Hardware
Software
Telecom |
Charts:
Qualcomm, Globalstar, Broadcom, Texas
Instruments, Apple, Sony, Canon, Schwab, Reuters, Nortel,
American Online |
This may seem hard to
believe after such a year, but patience is a virtue. Though
online traders have come to symbolize the massive influx of
unseasoned barbarians streaming through the ancient gates of
investment reason and prudence (indeed, they helped to propel
the world's stock markets into orbit during 1999), it fell to
the owners of a company that stands to gain the most from the
new era's entry into the wireless age to place the laurel
wreath of victory around their gleaming brows. Indeed, owners
of Qualcomm probably feel as though they have won the Olympic
games, in part because it has taken over four years for the
bet on CDMA technology to pay off, but mostly because results
like this happen once in a lifetime, if ever. Early owners of
Microsoft and Cisco know the feeling.
Qualcomm was not an
overnight sensation. So, if you had been reading these pages
carefully the past few years, you would own some now. (In
fact, you would be wondering if you should sell some now. If
you do, remember that everyone who has ever sold shares of
Microsoft has lived to regret it. Even a 50 percent drop in
these shares at some point this year should not discourage
you.) The March 1999 edition of this publication entitled
Wireless would have brought you into the game with plenty of
hundreds to spare. Needless to say, it was a super year for
San Diego's biggest employer and brightest star. Qualcomm has
become the standard bearer for the digital wireless age.
Below, we can see the remarkable graph of that company's
shares which can only be described as a Super Cali-Digilistic
Exponential Growth Curve.
Download this Newsletter, "Year
6 in Review", in its entirety as a PDF. To view PDF
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