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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 166.81-4.1%3:59 PM EST

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To: Stock Farmer who wrote (125908)12/6/2002 2:35:13 PM
From: H. Bradley Toland, Jr.  Read Replies (1) of 152472
 
John, $200/sh is only about 160 billion market cap. That's about 25 times that free cash flow number. We realize that it's not cheap, but then again the Q, like Microsoft, is not chopped liver.

Oh and John, we were nuts enough to buy the stock when the valuation was a little more compelling--3 bucks a share on average. But we've been adding to it recently also.

regards,

bt
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