Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.54

-1.2%

Nov 13 3:59 PM EST

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To: Uncle Frank who wrote (38102)	8/17/1999 12:08:00 PM
From: marginmike	Read Replies (2) of 152472

I dont think buying Q at 20-25 a share two years ago could be construed as a story stock. Qcom was trading at arround 20-40 trailing Pe and was growing earnings at an equal clip. Thats value in anyones book. I bought Q at 18 times forward PE and it was growing at 25-35% per year. How can yo compare that to G*? Furthermore it was the Ericson and Infastructure problems that held back Q. Those who had good Information new the Ericy situation to be a scam. Even if it wasnt it was priced into the stock. When I held the Q I believed there was very litlle downside risk, and even without Europe or 3G standard was a good rowin investement.

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