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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (26483)12/20/2000 8:35:06 PM
From: Sully-  Read Replies (1) of 65232
 
Jim,

I see you used YAHOO for your PE's for your short list. Keep in mind that YAHOO does not take out one time charges, etc., when calculating PE ratios.

QCOM's last 4 qtr's add up to $1.03/share..... @ $77 1/8, todays close, QCOM's trailing PE is 74.88. They should have few problems earning $1.45 - $1.50 in the next 4 qtrs..... Their PE is not out of whack by any means IMVHO..... Considering the potential for CDMA going forward, QCOM stands to see phenomenal growth for the next 5 yrs.

I realize QCOM hit you hard this year. Got me real good too. Don't let that bad experience cloud that exceptional intellect of yours Jim. If Chiner or India, etc. make any formal announcements..... I would not want to be short the Q*.

As bad as this market has been to me of late, I can't imagine going short in here..... after a rally, perhaps.... but only on high fliers that might see real slowdowns.

BWTFDIK anyway???

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