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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 168.08+1.8%Nov 28 12:59 PM EST
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To: Stu R who wrote (70527)4/14/2000 9:41:00 AM
From: A.L. Reagan  Read Replies (2) of 152472
 
Stu - on your math - you've only discounted the terminal value and not the interim cash flows. So, you need to do the NPV of all the cash flows - ten years PV of an annuity, plus the PV of the terminal value.

Hope that helps.
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