Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.20

-3.3%

Nov 6 3:59 PM EST

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To: Keith Feral who wrote (107523)	10/26/2001 4:14:50 PM
From: H. Bradley Toland, Jr.	Read Replies (1) of 152472

Keith and Margin Mike, I'm just saying a 70 multiple is justified today for a company that can grow 4 or 5 years at a 40% rate. And that is the question. It's certainly a tall order. We'll have to have this discussion again in a few years, won't we? Said another way, we're not inclined to sell at 70x earnings and feel quite comfortable buying shares at below 40 times. We sold 1/3 of our holding at 150 when it had the crazy runup. Should have sold more. regards, bt ps maybe a 30% cagr is more realistic which would support a 45 multiple, about where it's now trading.

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