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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 137.34+0.8%Feb 6 9:30 AM EST

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To: Uncle Mikey who wrote (311)12/10/1996 4:16:00 AM
From: David Tong   of 152472
 
I totally agreed. The worst that could happen is "wait a few more quarters" -- no big deal.

Price/Book at around 3. Price is the same as mid-93, while revenue back then for the year is equal to a quarter of the qcom now. All r&d, manufacturing, mgt are more matured; licensees in place, royalties keep on coming, and increased general public acceptability of qcom technologies will "ONLY" make qcom continue to be undervalued if the price does not move up to the $60 range soon. This co. reminds me of SUNW when the Book value keeps on rising and being so undervalued at $30 pre-split. In this market Dow 6500 and qcom at the same price level as it was being hard-hit in July, I just could not find a better place to bet.
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