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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.08-1.5%3:39 PM EST

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To: jmanvegas who wrote (62385)1/15/2000 11:38:00 AM
From: gc  Read Replies (4) of 152472
 
jmanvegas,

YHOO's pattern is different from Q's. Q goes up EVERY time and EACH time after earning while YHOO goes down EVERY time and EACH time after earning. Both companies have had excellent earnings in the past.

This time Q has corrected 30% from its top. A severe correction by any measure or even by its own historical pattern. How much more of a correction is coming? I doubt much. When the stock was at 200, we all agree it was overvalued. Now it is at 140. Is it still expensive? Not any more! Let's look at CSCO, earning for FY ending 7/00 is $1.00, stock at $108. QCOM estimate FY ending 9/00 is $1.74, stock at $140. QCOM grows at much higher rate than CSCO. Can you say UNDERVALUED? I am buying, not selling here.

gc
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