Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 155.82

-1.3%

Jan 23 9:30 AM EST

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To: limtex who wrote (115434)	3/12/2002 4:31:34 PM
From: Dexter Lives On	Read Replies (1) of 152472

You're right of course, the past had growth and low inflation to justify high PEs; the future will have no growth (all end markets are saturated, pc's phones etc.) and high inflation owing to FRB cheapening of U$. The printing of many, many $ will mean imported inflation - combine with no growth for stagflation; considered one of the worst environments for growth stocks that pay no dividends and have an ongoing reliance on fresh capital... Rob

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