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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: shamsaee who wrote (34705)	11/3/2000 9:46:13 AM
From: Lee Lichterman III	Read Replies (3) of 42787

This isn't the QCOM thread so I won't go into a lot of detail but for one, I don't use forward PE ratios. No one can tell what a company will earn next quarter much less next year. Trailing PE is over 74 and wireless is topped. I see QCOM the same as I saw internets a while back. Manias die slowly but they do all die. Everytime is different yet they always end the same. If QCOM was so great, why was it in single digits less than 2 years ago? No one saw this great growth stock until the wireless mania started? I can find lots of companies with more growth, cash on the books and no debt that trade far far far less than QCOM. As far as selling units off, those adjustments are normally made in the 10Q though I haven't read it yet, so the fact is that revenues fell, earnings were flat and it remains a sky high valued mania stock in my mind and anyone that knows how to read a financial statement. I will be reading their 10Q this weekend but unless they are inviting the SEC to rip them apart, I am sure it is buried in there hat the comparison to last year has the numbers backed out. As for who is right, I guess we'll see a few years from now. Late for work, Good Luck, Lee

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