The New QUALCOMM - Coming Into Buy Range Message Board

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Technology Stocks : The New QUALCOMM - Coming Into Buy Range

QCOM 168.06

0.0%

Dec 1 3:59 PM EST

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To: slacker711 who wrote (5119)	5/4/2009 12:27:19 PM
From: Art Bechhoefer	1 Recommendation Read Replies (1) of 9129

future growth of the WCDMA market...the bulk of which is now behind us I find it difficult to believe the bulk of future growth in WCDMA is behind us. Didn't China just recently approve WCDMA? Isn't India increasing its use of WCDMA? What about WCDMA elsewhere in the world, including the U.S.? Even if WCDMA subscribers were growing only at a rate of, say, 8 percent worldwide, wouldn't the growth in revenues for QCOM exceed that amount, simply because a greater percentage of QCOM revenues would come from WCDMA? Nevertheless, I don't see QCOM trading at a P/E over about 25 in the current market and economic climate. I do see potential one-time gains if QCOM decides to split off some of its operations at some point in the future (e.g., MediaFLO). Also, if the administration plan for taxing overseas profits is adopted, I don't see much benefit in holding large sums of cash overseas, which increases the potential for dividend increases, which in turn makes the stock price more attractive. Art

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