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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: Art Bechhoefer who wrote (13318)7/27/2001 8:46:26 AM
From: Mark Marcellus  Read Replies (1) of 196568
 
Art, valuing this company based on a multiple of book value seems to me to be just about as logical as valuing it based on the mean temperature in San Diego. I don't necessarily have a better answer, but that just doesn't make sense. Essentially you would be saying, for example, that their inventory and their investments in struggling companies are more important factors than the market value of their IPR.
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