Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.81

-4.1%

Nov 17 3:59 PM EST

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To: Labrador who wrote (25396)	3/28/1999 6:54:00 PM
From: Labrador	Read Replies (1) of 152472

Why would Merrill Lynch give a 12-month target of $108? They say 30 x fiscal 2000 earnings of $3.60. Are they missing the boat, or what? [Of course they are financial advisors to Ericsson in connection with the proposed acquisition of the Q infrastructure]

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