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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.90

+1.1%

10:38 AM EST

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To: Uncle Frank who wrote (28415)	9/23/1999 12:12:00 AM
From: MMW	Read Replies (1) of 77399

I second that. Qualcomm actually is not expensive given projected next 12 month earning at $3.67. You look at PE ratio of 50. Given projected growth rate for next year is 56%, PEG is less than one. I have added to my holding two weeks early when there is rumor about QCOM's earning problem. Even with current price, I think it still not bad comparing it with all the bigger guys. Best Wish!

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