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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 153.00-1.0%3:59 PM EST

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To: cfoe who wrote (47904)11/5/1999 1:10:00 AM
From: JGoren  Read Replies (2) of 152472
 
Hey, two graduates of Wharton agree. I was an undergrad. I remember somebody kept posting to a site over the last year that had Qcom grossly undervalued. Most of the traditional methods of valuation don't really work for companies that are event oriented. Qcom remained way undervalued for years because most folks didn't believe the technology would work, then didn't believe the patents would be sustained, then didn't believe Qcom could compete and make money. The secret to extraordinary gains is identifying (or simply being lucky) those companies prior to the market in general revaluing based on proof that things will work out. The traditional formulae just don't work in those circumstances.
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