Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.59

-3.9%

Nov 20 3:59 PM EST

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To: marginmike who wrote (49724)	11/13/1999 11:37:00 AM
From: Randall Knight	Read Replies (2) of 152472

"I am using 5 dollars. I am assuming 1.10+1.20+130+1.40. That is assuming we grow 50% next year. Which I think is realistic. It could go higher but these are REALISTIC guesstimates." Earnings for this past quarter would have been around .96 excluding the handset. The sale of the handset will include some sort of guarantee to grow CDMA propagation either through an agreement to use Q asics or to further the adoption of CDMA in under served countries (read Europe). Also, if HDR is going be implemented in early 2001, carriers and infrastructure suppliers are going to be buying from Q well in advance of that. Given these two things I think you could revise your estimates up. How about $1.20 1.40 1.65 1.90? $6.15 for FY2000 or 1.54 post split. Now, as an extreme growth stock, give it a PE at least commensurate with AOL. How about 110? That would be based on TTM. The PE on forward estimates would be more like 75. That gives it a stock price of $169 post split. And you know what? I think I'm being too conservative.

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