Qualcomm Incorporated (QCOM) Message Board

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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: marginmike who wrote (35969)	7/19/1999 10:30:00 PM
From: w molloy	Read Replies (1) of 152472

A contrary view from Yahoo... $170+ tomorrow says I by: The_Rich_Janitor 26435 of 26441 Should win my bet by noon. Has anyone stopped to think what these earnings mean? 00' earnings of between $3.50 and $4.00 with no growth!!! Reality is > $5.50 for 2000. My god, anything under $200 is a steal right now. I am now comfortable with my $300 by the end of the year projection. I may raise to $350. I think we may be +10 before the bell tomorrow morning. As for the reported 'component problem'. What a joke. Blown way out of proportion on SI board. You have to expect it when CDMA is growing faster than expected. If CDMA growth was as expected, then there would be no component issue. The fact that demand outweighs supply is a tribute too growth that hasn't been factored into price. Important issue is current earnings and forward earnings projections. The ONLY thing that matters for a growth company is GROWTH!!! QCOM CRUSHED ALL ESTIMATES and projected (while laughing) that Q4 results were going to be around $.90!!! even with component shortages. BTW, when Q says .90, that means over a dollar!!! The name of the game is accumulation, folks. Buy on the dips and prepare for a Merry XMAS!

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