Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.54

-1.2%

Nov 13 3:59 PM EST

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To: Valueman who wrote (21450)	1/17/1999 12:04:00 AM
From: DaveMG	Read Replies (1) of 152472

Valueman...Assuming infrastructure losses are cooked into the numbers, and "guidance" for the year is around $2.50, 30x 99 expectations brings us to 75$, which isn't a large multiple for this market. Then there's the low price/sales and price/growth ratios. Seems to me we're experiencing the usual earnings runup with some multiple catchup..."geez, that stock really is cheap isn't it". I think the best we can hope for in the short term are earnings around 65 cents, optimistic but realistic conference call which might push us up to the 70's, and then in a few weeks/months a MAJOR 3G announcement. It's true that this run feels better, ie less manic, than some others. I hope it's just because prospects are good and not "merger/buyout mania".....Dave

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