KT, Re: “I like Qualcom, but it price discounts perfection.”
How so?
QCOM is currently at $48/sh (after it’s / the market’s recent run-up), with a 30 PE on moderate earnings growth to $1.60 for FY2004 (current fy).
QCOM’s addressable handset market will increase 600% or more within 5 years as virtually all wireless phones being sold will be 3G CDMA.
QCOM’s revenue stream will expand beyond just handset sales with BREW, Qchat, Qconnect, gpsOne, and CDMA modules to support M2M applications (asset tracking, remote metering, security {child/elder protection- safety}, wireless vending, vehicle location and exception reporting, wireless point of sale terminals, and ticketing kiosks, to name a few. The CEO of DoCoMo recently stated-
NTT DoCoMo’s aim is to achieve 570 million connections by 2010. While this figure includes 120 humans plus 50 million mobile PCs, it also includes 20 million dogs and cats -- ahead of 10 million refrigerators, motorcycles, yachts and drinks vending machines.
Just out of curiosity,
1. how would you value a company with such growth potential?
2. do you know of any other company(s) with such potential? |
