Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 137.34

+0.8%

Feb 6 9:30 AM EST

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To: pyslent who wrote (110134)	1/2/2002 6:21:12 PM
From: rharshman	Read Replies (1) of 152472

With all the handwringing on this board, it is refreshing to read such an optimistic view. While I hope you are right, $5 earnings in such a short time would be so spectacular that it would probably also produce a sharp increase in the PE, and one could produce quite a price projection from that combination. We all recognize, I think, that earnings growth must materialize for us to prosper as investors. My own view, and it may be overly optimistic is that we should start to see fairly consistent growth in the 30% range and that would produce earnings of over $2.00 three years from now. That sort of earnings growth in a reasonably healthy market environment could justify a 60 PE. and a valuation three years out of about 120, not an unattractive prospect. One can come up with any predictive scenario, depending on what one thinks of earnings prospects.

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