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%

2:49 PM EST

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To: blue_lotus who wrote (1393)	1/2/1997 3:45:00 PM
From: blue_lotus	of 1819

Hi guys, Got my hands on some P/Es. As we already saw QCOMs P/E for next years earnings is approx. 33X The Communications Equipment sub-industry trades at P/E of 28.3X And the Telecom Industry trades at P/E of 17.3X Thus, assuming a 28.3X P/E in 1998, QCOM should trade at around 70. The question is when in the next year and half is it going to start its rise from its current $39 to $70. It surely cannot be an overnight event. Also, another concern : Institutions own over 40% of QCOM, a 15% increase in the last period. Is this good? Won't this mean a lot more volatility? -Raj

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