Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: Wyätt Gwyön who wrote (120155)	6/11/2002 12:47:23 PM
From: Jon Koplik	Read Replies (1) of 152472

Mucho -- QCOM price to sales ratio police enforcement duty required right now ! For about the tenth time (not all ten times were you) ... I will NOT let your comment go unanswered. Qualcomm's sales are unusual in that they have a very large component (royalty and licensing fees) that consistently have a 90% or higher "drop right to the bottom line"... profit margin. Thus, anyone using Qualcomm's purported "high" price to sales ratio as an indication of a high stock price valuation level is either dumb or being intellectually dishonest. Jon.

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