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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.01-0.3%Nov 14 3:59 PM EST

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To: Jim Mullens who wrote (125943)12/10/2002 3:07:47 AM
From: hueyone  Read Replies (1) of 152472
 
Qualcomm closed at $41.22 on Friday, with 2003 company guidance at $1.175 (conservative) yielding a PE of 35, not “40” as you state.

Imo, the "E" in PEs traditionally refers to trailing twelve month (ttm) GAAP earnings unless otherwise specified. Trailing twelve month earnings for QCOM are 44 cents per share. That is why if one clicks on Multex, Quicken, or Yahoo Finance for QCOM, it will report a 94 PE for QCOM---(although Yahoo also has another section that reports ttm PEs based on trailing pro forma earnings). This 94 PE was based on Friday's closing price and had not been updated to Monday's closing price yet at the time I wrote this post.

yahoo.marketguide.com
quicken.com
finance.yahoo.com

Value Line shows the DJIA companies for the last 10 years (ending 2000) with a average PE of 17.4 and earnings growth rate of 9.7% which yields a PEG of 1.8

Are not your reported Value Line PEs based on trailing twelve month GAAP earnings as well?

Best, Huey
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