Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.05

+0.6%

Nov 19 3:59 PM EST

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To: Skeeter Bug who wrote (48423)	11/9/1999 2:31:00 AM
From: Ron Woods	Read Replies (1) of 152472

Skeeter, obviously finance is not your forte'. Nor mine; however, I can do simple math. A company that begins with 700 million dollars in earnings at year one and grows that earnings by 30% a year will have a total of ~29.8 billion dollars in total earnings over that ten year period. That is assuming not one penny is re-invested over that ten year span. Obviously that number would be much larger assuming an 18% ROE. 700+910+1183+1538+1999+2599+3378+4392+5709+7422=29.8 billion dollars. The number 700 million in earnings for year 2000 is not my "pimped up" number. This is the average of nineteen analysts. biz.yahoo.com. 3.76 x 186 million shares. Right or wrong this is what the street expects for earnings for QCOM this year. Don't get me wrong, Skeeter. I'm not pushing this stock, just defending my choice. If you want to put your money in 6% t-bills, more power to you. You'll probably sleep much better at night. Personally, I sleep very well with 20% of my portfolio in QCOM....but then again, I can add. Ron

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