Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 180.88

+2.1%

3:59 PM EDT

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To: carranza2 who wrote (116884)	4/19/2002 10:47:17 AM
From: marginmike	Read Replies (2) of 152472

with all due respect, none of these companies are doing nicely, They are marginally meeting or meeting vastly lowered expectations. They are saying going forward that things will get a litlle better, and its still very tough out there. Meanwhille TXN has a Pe in the stratesphere as do most chip stocks. IMHO the market is going to fall on its face until earnings visability is GOOD not simply OK. INTC and others have 3 digit pe's, its simply unsustainable. As of today I am short 80% of my trading account, I am short SMH and IBM(I started shorting Ibm in the 120's). I think Qcom downside isnt that bad, and at 30-40PE is a realitive bargain in chips. I will retake a position if it revisits low 30's, or after the CC.

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