Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.67

+1.6%

Nov 12 3:59 PM EST

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To: Stock Farmer who wrote (125664)	11/26/2002 1:34:03 AM
From: cfoe	Read Replies (2) of 152472

Rather wide eyed in wonderment at a meteoric rise in stock price without corresponding uplift in fundamentals. Not just Qualcomm,... I am curious about this statement. While QCOM may or may not deserve its current multiple, there is no question their Q4-02 results and guidance for Q1 and Q2 of 'o4 were a surprising and substantial jump from that which had been previously forecast and augurs for growth of 30% or more for fiscal '03 over '02. That to me is fundamentals. (And yes I know I am talking about proforma vs. GAAPearnings, but the two are converging rapidly for QCOM.)

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