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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 172.72-4.4%Nov 4 3:59 PM EST

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To: Andrew N. Cothran who wrote (120151)6/11/2002 10:53:19 AM
From: Wyätt Gwyön  Read Replies (3) of 152472
 
hi Andrew,

Hence, QCOM'S current price is INFLUENCED by the current fear factor

OK, "INFLUENCED by the current fear factor" is a nice hop, skip, and a jump back from "based on fear" which you stated earlier. while we're at it, let's mention that QCOM's share price is also INFLUENCED by hopes for 3G and so on. it might even be influenced by butterflies flapping their wings in Chiner.

basically, there are a whole lot of influences out there, the output of which is a PSR of about 10 times, which happens to be about 10 times higher than the median PSR of the SPX over the last 76 years or so. somehow, i don't interpret that order-of-magnitude PSR premium QCOM has acquired as being primarily due to the INFLUENCE of the fear factor...
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