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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 177.78-2.2%Jan 9 3:59 PM EST

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To: CAtechTrader who wrote (64949)1/28/2000 1:50:00 PM
From: limtex  Read Replies (4) of 152472
 
catechtrader -

Yes no -one of us ever doubted either the technology or the Company but the P/E is high and the Chairman used the expression 'slump' in sales and the market heard it. The amrket really really heard it and hasn't stopped thinking about it because you can't even think the word 'slump' with a Company with a P/E over ...who knows 30, 40. We are sitting even today at a P/E of over 100.

For that kind of P/E you have to have to have good growth in earnings and revenues both YOY and QOQ and really good prospects going forward. you simply can't hang on to that level of P/EE and talk about 'slumps' in your current qtr revenues.

This has been a disaster for many people and some on our threads and if it hadn't been for the use of that expression 'slump' it might not have been so bad since the earnings cc was IMHO very very good in general.

What a day. What a couple of days..

Best regards,

L

Thats a P/E for a company with massive growth, YOY and QO
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