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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.20-3.3%Nov 6 3:59 PM EST

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To: George Gotch who wrote (26036)4/4/1999 7:54:00 PM
From: Clarksterh  Read Replies (1) of 152472
 
Qualcomm valuations:

Qualcomm first hit $50 per share in mid 95 when it had 1/7th the revenues per share it now has. Although I think it was overpriced then, and would be overpriced now at the equivalent $350 per share, neither do I think that it is impossible to reach such heights and beyond in the next year (if you assume 50% revenue growth Dec/Dec, then at the same valuation about $500 per share is possible). As for risk, sure there is some, but point to a stock where that isn't so.

Clark

PS Strong note - this is not, repeat NOT!!, to imply that I think that we will get that high this year, but it is not out of the realm of the possible, whereas it is for Microsoft and Intel.
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