Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

Jan 16 3:59 PM EST

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To: linsol who wrote (59501)	1/4/2000 8:22:00 PM
From: Lynn	Read Replies (1) of 152472

Let me second what Mike told you: the correct target, at this moment, is $250. What you heard was wrong (e.g. $1,000 post split). The $1,000 target was given before QCOM had its split. When targets are given they are always given in terms of a stock's price on the specific day the recommendation is given. Q was selling for over $500 when the $1,000 target was stated. Had the analyst said he had a 12 month target for QCOM of $250, even if he clearly said post-split, people would have gone nutty--not reading very carefully, some would have dumped their shares expecting Q to drop 50% over the next year. Wherever you heard $1,000 this year, post-split is guilty of mis-reading the actual analysts' release. $250 not $1,000. Perfect memory sometimes- Lynn

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