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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.54-1.2%Nov 13 3:59 PM EST
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To: ggamer who wrote (88087)11/22/2000 2:10:05 PM
From: marginmike  Read Replies (2) of 152472
 
Its not about growth, or the end of ERA's its about realistic stock prices for those prospect's. In 1929, it was the beginning of the Bigest Technology BOON since now, no? The technology growth didnt end, just the jokers paying 1000PE for stocks. Furthermore I would argue that Growth rates for almost all area's of Tech are 15-20% to high. That means they will grow 15-25% a year, not 35-50%. There is a credit crunch occuring that will prevent Companies from buying as well as consumers. That will slow Tech growth. Will co's be so quick to convert to 3G when they have to pay 12% interest? Where is ATT going to get the money?
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