Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.18

+1.1%

Dec 18 3:59 PM EST

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To: gdichaz who wrote (77541)	7/23/2000 3:56:36 PM
From: kech	Read Replies (1) of 152472

Who among the analysts have that opportunity in their "model"? Chaz - Walter Piecyck had it in his model and I thought that was why the Q was so high. It turns out that it was high not because of this but simply because ProForma earnings growth was so high after the spinnoff that the earnings mo-mo crowd jumped on board. Now we have dropped to a valuation based on 11% growth rates in earnings and Walter is the laughing stock of yahoo message boards and wall street analysts that only look at "whatever is working now" - i.e. Kramer and the shorty crowd. I say Walter was right, (give or take a year or so) and these further growth opportunities should be in the model but aren't now. However it looks like we will have to wait for another reacceleration of earnings for people to include additional growth opportunities in their models. No analyst wants to get tripped up as too optimistic for fear that exactly what happened this year could happen again. This means we have to sit around and wait for several years for our gains this time, but I still think it will happen in due course.

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