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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 181.84+0.9%3:59 PM EST

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To: John Dough who wrote (60024)1/6/2000 10:10:00 AM
From: Cooters   of 152472
 
<<We are all extremely lucky that QCOM has been "allowed" a forward PE of well over 100 >>

Mark,

Here's my view. The forward PE of 100 is based on voice-only, with maybe a tad of WWeb factored in for Sprint's rollout. QCOM's future is voice and data, or more accurately data first, then voice. At this moment in time, Q is incurring expenses to develop and test products for the data market, with no revenues to speak of. In light of this, I don't look at the 100PE as a gift from the market.

I would become concerned when QCOM trades at a 100+ PE on earnings several years out which do take into account an explosion in wireless data worldwide. That price is way north of 150.

Still way undervalued, IMHO.

Cooters
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