Qualcomm Moderated Thread - please read rules before posting Message Board

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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 173.96

+1.4%

3:59 PM EST

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To: Art Bechhoefer who wrote (13318)	7/26/2001 5:44:43 PM
From: Skeeter Bug	Read Replies (2) of 196605

art, at some point you have to factor in declining earnings into your model, too. focusing solely on book value can be outright silly. imho, qcom is expensive now. it has lots of potential so it should trade at a premium to other companies with declining earnings. however, 60-70 times earnings seems a bit high at this point, imho. the bubble has burst and now it is time to struggle through the hangover. good luck.

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