Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.25

+0.6%

3:59 PM EST

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To: Voltaire who wrote (46570)	10/30/1999 7:53:00 AM
From: Keith Feral	Read Replies (3) of 152472

Voltaire: Is a 20 pt correction reason to trigger such a massive capital gain? QCOM will get the split sooner or later. Since QCOM has already indicated a split is not possible till February, the only announcement that may be possible would be the board approval of such a measure pending shareholder approval. With the new price targets being presented by Smith Barney and Goldman Sachs, I am in no rush to worry about a near term split. In fact, I think the delay of the split is increasing the odds that a 3 to 1 split will be in order as the stock price nears 300 after the December quarter. Personally, I just can't fathom QCOM trading at below 50 times next years new PE of $4.50 that was put out by SB and GS. That would put the floor on QCOM's stock price closer to $225 than $200. All the best!!

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