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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 170.90-1.3%Nov 7 9:30 AM EST

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To: Mike Buckley who wrote (13309)7/26/2001 5:20:59 PM
From: Art Bechhoefer  Read Replies (2) of 196568
 
Mike, book value is $6.83 per share, of which $2.51 is in short term cash or marketable securities. If you look at the growth rate over the past five years, it would not be unreasonable for the stock to be priced at 14 to 15 times book value, whereas it currently trades at about 9 times book value. If you want to see something similar to 9 times book value, compare with Coca Cola and 3M, neither of which can come close to QCOM in long term growth.

Art
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