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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 157.80+0.9%3:59 PM EST

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To: arun gera who wrote (8136)2/7/1998 6:22:00 PM
From: Skeeter Bug  Read Replies (1) of 152472
 
>>I just checked - $3.2 billion translates to about $47 stock price. QCOM is somewhat
of a value stock below that price. This is without any speculation.<<

my response is about investing in general, not about qcom in particular. w/o speculation? come on. you are justifying your position. every stock position has significant shorter to medium term speculation. high tech companies definitely have longer term speculation. live by innovation/die by innovation.

saying that any high tech company does not involve speculation is just not congruent to reality. using prior sales values for comparable industries just isn't a guarantee that you can even get half that. and tha would assume an exact apples to apples comparison.

thats like saying ascend once sold for $80 a share so buying at $30 and selling at $80 involves no speculation.

again, i'm not arguing qcom's current valuation or risk reward equation at all. just the comment about no speculation. investing always involves some sort of speculation. the speculation greatly increases in the tech industries. jmho - and experience.

btw, the same holds in reverse. just b/c somebody paid a certain amount for a business months ago doesn't mean somebody won't pay double now.
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