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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Lucretius who wrote (69888)10/19/1999 11:53:00 AM
From: CRay33  Read Replies (1) of 86076
 
QCOM trip to teens?

Consider:
CDMA (ever look into this?)
$4/sh earnings in 0000
50% growth rate

You really think a PE of 6 is in order for a company growing earnings at 50%?

No - I'm not buying anymore. I'm enjoying the shares I bot at 40, and am adding on occasional dips.

I agree that many stocks are overpriced - but this new industrial revolution, the internet, will fuel many stocks like QCOM, JDSU, CNXT, GBLX to reach prices supported by real earnings, at moderate PE's.
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