Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.03

+1.0%

3:59 PM EST

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To: Art Bechhoefer who wrote (123724)	9/2/2002 2:15:23 PM
From: alburk	Read Replies (3) of 152472

Art How would you justify a 12 to 18 month price target of 60? Analysts with targets like that seem to rely on past multiples which IMHO are clearly irrelevant, misleading, and a complete copout. IMHO QCOM is not undervalued here. But also IMHO it's a great LTBH if purchased at a reasonable price. I think that price is closer to 20 than 30. I have a hard time envisioning earnings and cashflow that support 60. What do you see out there that I am missing?

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