The New Qualcomm - a S&P500 company Message Board

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

QCOM 166.24

+1.8%

1:10 PM EST

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To: Mike Buckley who wrote (1303)	9/6/1999 2:08:00 PM
From: Keith Feral	Read Replies (2) of 13582

Mike: No one is using $3.12 as a basis for 2000 EPS. A 40% growth rate implies that QCOM should grow at an average EPS growth rate of 40% annually over the next five years. Next year should be much stronger. $4.00 is the high end that every one expects QCOM to beat. Take a look at the PEG ratios for CSCO, LU, MSFT, SUNW, and other big cap tech stocks. They are all trading above 2. QCOM is trading at 1, or a 50% discount to the PEG for other large cap tech stocks. Again, that's pretty cheap in my book. Don't you think it's strange that QCOM has 4 times the growth rate of most of these tech stocks with half the forward PE?

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