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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: marginmike who wrote (27453)4/19/1999 3:03:00 PM
From: Sawtooth  Read Replies (1) of 152472
 
<<A 70Pe and a 40PE for next year is historicly very expencive. I would also argue that its value is only realative to its peers in the market and to valuations of other tech's. If the whole market reavaluates earnings and readjusts the market, Qcom would be worth 30-40Pe at best>>

I wonder how many of us remember the mid/late-70's when many, many good companies sold with a single digit P/E? I do, barely. Current economic fundamentals are obviously different right now at the macro level. Just reminiscing; not sentimentally. ...Tim
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