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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%Nov 26 3:59 PM EST

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To: Gregg Powers who wrote (9552)4/1/1998 11:10:00 AM
From: Tim Klots  Read Replies (1) of 152472
 
Gregg,

That is good news indeed about the Korean February subscribers. Actually, what surprises me is that QCOM was not already a member of the S&P Midcap, especially given that its capitalization has barely budged in the past two years. Ironically, too, the company it is replacing, Nextel, has a market cap of $ 8.0 b on trailing 12 months revs of ~ $ 800 m, compared to QCOM'S $ 3.5 b on $ 2.4 b of trailing revenue. Anyway, the reason I own QCOM is because I expect this time next year, its market valuation will be in big cap territory.
I hope this most recent run puts all this crap about seeing the 30's or even the 20's for this stock where it belongs.

Tim K.
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