CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST! Message Board

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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!

QCOM 174.76

+0.3%

Dec 23 3:59 PM EST

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To: Uncle Mikey who wrote (1329)	12/19/1996 10:44:00 PM
From: Uncle Mikey	of 1819

FYI - Earning Projections and ratings For what it's worth here are the latest earnings estimates and ratings according to Zacks. FISC YR END 9/97 1.17 (down .03 from last month's projection) --This would put today's QCOM PE about 34x next year's projected earnings. QUARTER END 12/96 0.14 [down -0.06 from last month) VS ACTUAL 12/95 0.15 QUARTER END 3/97 0.23 [down -0.04 from last month] VS ACTUAL 3/96 0.02 Estimate of next 5 years annual growth 36.11% --The estimates of individual analysts range from 60.00% to 20.00% Recommendations are: Strong Buy - 4 analysts Moderate Buy - 4 analysts Hold - 4 analysts Moderate Sell - 1 analyst Strong Sell - 0 In reading Maurice's link above, about the myriad of challenges facing QCOM at this point, I am sure that the management of QCOM wants the stock price to advance. It has been stuck in a very narrow range of late. Many of the challenges will not be things under the direct control of QCOM - (ie the marketing efforts of the service providers) but the management of QCOM gets very high marks (in my book anyway) and I am confident enough that they know what needs to be done and the ways to get it done, that I am comfortable with my investment in their company. Mike

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