Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 179.32

+0.6%

3:59 PM EST

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To: Valueman who wrote (6248)	12/12/1997 12:16:00 PM
From: Muizz M. Kheraj	of 152472

OK...so Korea defaults...Earnings drop to $2.04, like Schroeder estimates (and we know QCOM always beats estimates)...but still let's assume earnings only come in at $2.00...this means that QCOM, a monster growth company, estimated at about 30% over the next five years and 60% over the next 2 years..is trading at 28 times next year's earnings...what's wrong with this story? I think Korea's debacle is already in the stock...we may see a little bit more taken off the top here ...but the bottom is not far away. Buy now for your grandchildren and have them thank you once they have enough money in QCOM to BUY KOREA!!! Muizz

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