Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 182.19

+3.5%

3:59 PM EST

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To: Craig Schilling who wrote ()	12/29/1999 5:00:00 PM
From: Peter Greenhill	Read Replies (1) of 152472

Today has been extraordinary by any standards. I am now showing a 127% gain in less than 2 months. This is small beer to you guys who have held the stock all year I know, but still not too bad. Smart Investor has sold saying that next years 25% earnings growth does not justify a 200 P/E. He could be right, but I suspect that many people buying the stock today are looking at prospects way beyond next year. Traditional methods of evaluation seem meaningless with many companies in the tech sector because regardless of short term profit taking the prospects 5-10 years out are stellar. I am now holding my shares long term. There may well be set backs but when we look at the share price on 29th December 2004 I don't think we will be disappointed. Pete Greenhill

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