stocks

             Telecommunications, Technology, Electronics
             Both the telecommunications and technology sectors have continued their downward spiral throughout the last month along with most of the market indices. Many of the big phone companies have largely scaled back on their promises to expand nationally and have instead focused on competing with each other. Also, with SBC's merger and agreement with Ameritech there will now be ample opportunity for the smaller DSL providing firms to enter in to the market and compete with the phone companies who now hold the big stake of the DSL market. The DSL market will greatly expand in the coming years because it upgrades existing phone lines to provide simultaneous voice and Internet service. This should cause little new competition over the next few years. Although the technology sector has been continuously depreciating, this may be a good time to re-invest and take advantage of the depressed prices. With this in mind I would like to make one suggestion.
             Buy Qualcomm: I found that QCOM has recently been upgraded by over 22 firms to 'buy' and 'strong buy'. I also found that QCOM's momentum rating is 86, meaning that many analysts have taken a closer look at the company and have offered their analysis of the company along with their recommendation. We would want QCOM for the long-term and not the short.
             I would also suggest keeping a close eye on Qwest Communications. Qwest is a broadband Internet communications company. It is a leader in reliable, broadband internet-based data. Qwest was in the past week upgraded to 'buy' and 'strong buy' by UBS Warburg and Lehman Brother's. Qwest will report its first quarter earnings on Tuesday, April 24th. I think we should watch the company and possibly invest after we see how it fares on the 24th
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