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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 177.78-2.2%Jan 9 9:30 AM EST

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To: Art Bechhoefer who wrote (40670)9/13/1999 3:52:00 PM
From: Jim Willie CB  Read Replies (2) of 152472
 
Art, read that Barrons article also

CSCO is trading at almost 60x FY2k earnings, thus expensive as hell in simple mind.. eps growth maybe 30-35%.. I could be off.. resulting PEG (price/earnings over growth rate) is thus about 1.6-2.0 which is high as hell

QCOM is trading at 44x FY2k earnings if you believe $3.60/share.. it eps growth rate might slow down to 50% next year.. ergo, PEG at 0.8-0.9 which is actually low.. personally I believe the FY2k eps is conservative and PEG is really more like 0.6 which is cheap as hell

I hear you though.. some techs appear lofty.. CSCO up fractionally today

need a strong close on QCOM
/ jim
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