Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.37

+2.4%

12:31 PM EST

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To: marginmike who wrote (49724)	11/13/1999 11:46:00 AM
From: JohnG	Read Replies (1) of 152472

Mike. I am using 55% growth adjusting 9/99 up to $1.05 for handset losses. $1.17 + $1.30 + $1.46 + $1.63 =$5.56 and assuming a 55% growth rate. But remember the Q mgt forcast is for 70MM CDMA phones in calendar 2000 vs 40MM in 1999--an increase of 75%. Depending on how soon others get their ASICS working, Q could get most of the new phones. Any way, If Q locks up the ASICs business when they sell phone division, this will have a very positive effect on earnings. Also, the emotion plus high long term earnings growth justify a multiple higher than 80 x earnings.With the right news, perceptions and conditions, Q could support a price or $500 to $600 today. Value is created in the marketplace---wireless, broadband and interned are hot words that create value. JohnG

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