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Politics : Ask Michael Burke
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To: sjemmeri who wrote (66850)8/27/1999 11:10:00 AM
From: Knighty Tin  Read Replies (2) of 132070
 
Steve, Qualcomm is already priced about triple all the earnings it will make in its corporate life (which is far more than the discouted dividends it will ever pay), so I think there is no doubt it is a very overpriced stock. The problem is, they are likely to make or beat estimates and that is what most investors care about, not the value of the co.

So, I think Qualcomm is doomed as a stock, but I don't know when the market will realize it. It will be a huge put winner some day.
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