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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 152.15-0.4%12:32 PM EST

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To: Jim Willie CB who wrote (52997)12/7/1999 8:49:00 PM
From: uel_Dave  Read Replies (4) of 152472
 
Jim, Can you explain to me how Yahoo ( YHOO ) can continue to have extremely high P/E ratios : trailing 1123, forward 519. Even if we use the forward estimates for QCOM and the estimated earnings for 00 or $3.88, it is 102, which is the same as CSCO. If QCOM could have the same multiples as YHOO, the stock price would be $2028. QCOM should be able to make the $3.88 on the royalties alone. What happens if it is $7 per share and what multiple would the street pay. Also on another matter, CSCO's market cap now is $334 Billion and will past MSFT at this time next year at its current rate to have a marketcap of over $600 billion, if MSFT can not resolve of the court battles. If CSCO passes MSFT and QCOM starts receiving revenue for HDR and partners with CSCO or another gorilla, what does it do to QCOM Market Cap? Does it approach $150 Billion next year or $200 Billion. If Yahoo can be $90 Billion, I am sure that QCOM will be much higher than $67 Billion.

Comments??

Thanks,

David
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