Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

Jan 16 9:30 AM EST

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To: verdad who wrote (129333)	5/27/2003 8:40:35 PM
From: Art Bechhoefer	Read Replies (2) of 152472

Verdad-->>the stock will remain about where it stands today<< The only people who believe that QCOM will stay essentially where it is now are (1) some technical analysts, (2) those who don't bother to compare fundamentals on telecom equipment stocks, and (3) those who acknowledge the high growth and sound financials of QCOM but think the whole telecom equipment sector is not worth investing in. It is difficult to find telecom equipment companies with virtually no debt, positive cash flow, dividends, and revenue growth upwards of 30 percent (the low end of various forecasts), still selling at about 22 times forward looking earnings. The more likely prospect is that the stock will respond to major institutional interests, particularly after the dollar has depreciated in value. The shares will most likely double from their present level during the next 12 months or sooner, partly because of fundamentals and partly because the rest of the market is set to move up . . . sufficiently ahead of the 2004 election to do the incumbents some good. Never underestimate the impact of an election campaign on stock prices--even for companies not headquartered in Texas. Art

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