Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.15

+0.7%

1:01 PM EST

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To: Skeeter Bug who wrote (48385)	11/7/1999 11:03:00 PM
From: Ron Woods	Read Replies (1) of 152472

Wow! Talk about skewed math! QCOM's conservative earnings for 2000 are 3.76 a share x 186 mil shares is 700 mill a year. Grow that at 30% a year x ten years and you've got yourself 29.8 billion dollars in earnings alone. Not to mention that money will be re-invested yearly at a good ROE. And, at the end of ten years, you're still owner of a company that will earn 9 billion dollars net in year 11 and whose market cap will certainly be worth more than 45 billion. If you invest 45 billion in t-bills at 6% and a 50% tax rate, in ten years, you've earned 15 billion dollars return on your investment. Which would you rather have? Good Luck on your investments...I mean t-bills. Ron

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