Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.06

0.0%

Dec 1 3:59 PM EST

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To: marginmike who wrote (99548)	5/20/2001 11:18:18 AM
From: pcstel	Read Replies (1) of 152472

<OT>MM: It's been years since we have exchanged posts.. Like since about 1998 over on QCOM Yahoo.. I am happy to see you made your fortune.. Hope Keith an Ruff did the same.. Now SBUX.. Their biggest problem is their Same Store Sales Scam is coming to an end!! Here is how it works..They aggressively open 'new stores', about 2 a day.. Then when they compute their monthly SSS figures.. They use only stores that are open 13 months or longer.. Soooo.. Every month.. They get to add 60 some odd stores to the calculation that have been open "exactly 13 months".. And then they compare those stores SSS figures to it's first month in business.. Obviously, after 13 months..The store is more established and generating far more revenue than Month #1. (At least you would hope so!!) So last year when the only had 2,900 stores open. These overall SSS figures were skewed upwards by the "dramatic increases" in SSS increases of those 60 new stores being added to the overall SSS figures each month.. However, now 2001, there are almost 4,200 stores open.. So the percentage of new store openings remains the same at about 60 a month.. So the overall ability of the new stores SSS figures to be able to skew the overall SSS upward is being reduced.. That's why we have seen SSS figures dropping like a rock.. Well, at least like a feather.. The slowing economy is not helping either.. Last month's SSS figures were up only 2%.. (Which managememt called an "aberration")..LOL!! (Yeah!! Right!! I almost fell on the floor when I read that one)! So that means many older stores are experiencing "flat" or "negative growth". All pretty risky for a company selling a premium product in a slowing economy with a P/E of 70 and a 7.5 BILLION Dollar market cap! IMO. PCSTEL

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