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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 162.00-2.9%10:34 AM EST
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To: John Dough who wrote (21616)1/19/1999 5:47:00 PM
From: Gary Walker  Read Replies (2) of 152472
 
A 20% gain year over year in sales isn't disappointing.

Especially for a stock selling at a Price to Sales ratio of 1.3.

Remember the 4th Qt. was a huge increase over prior year (+50%)and the market was in a free fall back then.

Reduced inventories indicates possibly a lack of adequate product to meet demand which is supported by the discussion around this thread.

Improved margins are a positive surprise.

Talk about an undiscovered stock...this one is it.

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