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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.90-1.3%Nov 7 9:30 AM EST
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To: marginmike who wrote (25439)3/29/1999 8:55:00 AM
From: Sawtooth  Read Replies (1) of 152472
 
<<We are at around 30-35 nextyears PE. That is before revised EPS. If we up that by 20-30% this stock is still cheap. Do njot forget that the Q had 120PE two years ago way before their prospects were as good as today. I would also argue thAt the stock has as clear a future earnings picture as can be.>>

Just for fun, do you have a take, marginmike (or anyone), on what downside support might be come an overall market adjustment; say DOW 9,500...9,000...8,500? Just pondering. ...Tim
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