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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 137.34+0.8%Feb 6 9:30 AM EST

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To: Labrador who wrote (35846)7/19/1999 6:24:00 PM
From: Uncle Frank  Read Replies (5) of 152472
 
>> 86 cents is the comparative number

OK, Labs, let's see if I got this right:

earnings - one time events - losses from discontinued operations = .86

If you multiply that by 4, you get $3.44. Factoring in very conservative growth, you get forward earnings > $4.00. Using the 50 p/e justified by current growth rates, that should equate to a price of 200 in the near term future.

Comments?

Frank
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