Chaz: I have found that one of the easiest ways to get a client to buy a stock like Qualcomm, meaning a relatively obscure stock that they ought to have in their account, is to show affiliiations with other "known" companies. Lucent, Cisco, Microsoft, Intel, Boeing (I live in the Pacific Northwest) etc. The idea I guess being that if Microsoft or whoever would work with them they must have something going. So from that standpoint it adds some polish, I would agree.
Our office already holds quite a bit of the Q. Hopefully the association will make it more palatable to other brokers and clients as well. My gut feeling though, is that they'll just say "hmm, interesting" and buy more MSFT.
And just BTW, multiplying a quarterly number by four can give you the quick and dirty annual projection, but there is a lot of variance between different quarters. I'm not at work, so I don't have quarterlies at my fingertips, but I remember for Q it ranges quite a bit. Marc Cabi, my friend and yours, has a '99 estimate at $2.70, FWIW.
mmeggs
P.S. Gregg Powers gives better information on this thread, in a clearer and more concise manner, than any analyst I have read through normal brokerage channels. I echo your sentiments completely. |
