The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: kech who wrote (3522)	11/23/1999 3:17:00 PM
From: Wyätt Gwyön	Read Replies (1) of 13582

I don't think it is incorrect to say that QCOM's market cap is based on 165 million shares outstanding. I think market cap is generally based on these shares only. That is not to say other obligations should be ignored, but they are called other things. The larger figure (obtained using 194mm shares), including options and converts and so on, sounds more like enterprise value, which would also add in debt and cash. I think a lot of big-cap companies have disparities like this (look at MSFT), but the market cap figure is typically based on shares outstanding. Assuming this is what Cena meant (I think it is), then you would say current market cap is 60bil (for 165 mil shares, not 194mil), so you could obtain per-share forecast by multiplying the current share price by 1.25, i.e., about 450 a share.

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