The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 163.32

+2.3%

Nov 21 9:30 AM EST

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To: Webster who wrote (10419)	5/18/2000 11:45:00 PM
From: Boplicity	Read Replies (2) of 13582

re: However QCOM is significantly better positioned today than it was several years ago when the entire wireless industry wanted them snuffed out. That is 100% correct, and the market knows that, that is why QCOM has such I high PE. The most money is made in the market buying stocks that have unknown potential that is not realized. Once the market has priced in the potential, or the company no longer lives up to the potential, then the ride is over with till the company grows into the current priced in potential, or they change the current story. The markets is littered with stocks that have been priced correctly and are now range bound. All you have to do is look at DELL for an example of the above. Right now QCOM sports a PE of 139 with and est. five year growth rate of 37%. I believe the market will continue to re-value stocks, and QCOM will be cut in half from these level. I'm not going to debate you strategy, to each his own, but in my book holding from 199 to 48 for that matter to 90's is not prudent money management. Greg

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