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No. of Recommendations: 0
Dear KC,

Qualcomm is a monster that I am having trouble understanding, from its huge run up in such a short time to its options granted and shares issued. I had received some great answers to my concerns about the options from very well informed QCOM investors. I am willing to overlook these things if it can prove to me that the CDMA technology is a real player and will be a real threat to GSM. I haven't seen that yet and will know in the next two quarters. If it is real then I will buy a small stake, but nothing to write home about. Also I would like to see how management weathers this latest downgrade.

MYCROFT
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