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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.16-3.3%2:54 PM EST

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To: H. Bradley Toland, Jr. who wrote (107518)10/26/2001 11:53:41 AM
From: marginmike  Read Replies (2) of 152472
 
There is no company in a normal period, that has a capitilization of 10billion or more that deserves a 70PE. here in lies the expectations based on bubble psychology. Can Qcom sport a PE of 30-40 maybee 50 YES, if it is actually growing 39%. Qcom has had meager growth in the last 18months, and I doubt highly that Qcom will grow 40% ayear for the next 6 years. The best compareable company is MSFT and in its hey day it had a ridiculous PE of 40(pre bubble). The whole stock market is overvalued so Q's high pe is realitive to others. If the S&P has a pe of 15 does Qcom still deserve a 70 pe????
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