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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 151.59-0.4%Jan 30 3:59 PM EST
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To: marginmike who wrote (35920)7/19/1999 11:24:00 PM
From: Michael  Read Replies (2) of 152472
 
My Friend Michael:

You surprise me, you are obviously an intelligent thoughtful man.
Why are you fussing with options and then worrying about
where QCOM is going in the short term.

Earnings were great 86 cents pro forma, QCOM management clearly
stated that this is the number to use for future quarters, clearly
stating that there is only upside to that number.
4 times 86 equals $3.44 minimal, for a forward p/e number
QCOM deserves a nokia PE multiply minimal which is 51.
51+ p/e times $3.44+ equals 175++ stock price

sure is a nice day
Michael

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