The New Qualcomm - write what you like thread. Message Board

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Pastimes : The New Qualcomm - write what you like thread.

QCOM 174.80

+0.3%

Dec 5 9:30 AM EST

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To: Maurice Winn who wrote (1629)	4/16/2000 9:05:00 PM
From: kech	Read Replies (1) of 12239

Good technical review Maurice - and good to help keep the flavors straight. Hope we aren't just whistling past the graveyard though by talking about fundamentals, when the financial markets we have known and come to love seem to be unraveling before our eyes. Fundamentals or no fundamentals. NAZ100 futures are down 88 as we speak. A drop of 10 in the last half hour. cme.com My concern is that even with a forward earnings in 2001, and maybe earnings of $1.70, we are talking a p/e of 61 even with Fridays depressed price. Who is to say, the market doesn't think 61 p/e's on next year's earnings, shouldn't be more like 50. This would put the Q at 85. Not much consolation. I'm not selling, but just "thinking out loud" about where the floor might be. Merde - down 109 before I could finish the post! cme.com

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