The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 166.05

+0.6%

3:59 PM EST

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To: Boplicity who wrote (537)	8/4/1999 11:37:00 AM
From: Art Bechhoefer	Read Replies (2) of 13582

A market where numerous stocks trade at historically unbelievable levels can certainly go down and affect virtually all stocks. I would be interested in whether your prediction of a price drop for QCOM shares is based on (1) fears of an overall market correction, (2) something fundamentally weak in QCOM near term prospects (the next six months or less), or (3) all of the above. When I look at the sound financial condition of QCOM, the rate of earnings growth, the rate of revenue growth from both product sales and royalties, the relationship of stock price to book value, and the price-earnings ratio, I fail to see why the stock would drop to 120. It is already far more reasonably priced than other comparable stocks in the group.

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