Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.05

+0.6%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Carragher who wrote (28046)	4/22/1999 7:42:00 AM
From: Mike Buckley	Read Replies (1) of 152472

John, I was afraid someone was going to ask me if I have a 12-month target for the Q. My numbers are very, very round, and my thought process is very simple. I'll explain. Try using the run rate of $4.80. Add a growth factor of your choice for each of the next few years. To be conservative, apply a pricing multiple that is equal to your growth factor. (The multiple will likely exceed the growth rate but that compensates for any overly enthusiastic growth assumptions.) It doesn't really matter what each of us estimates earnings to be in the future. It would be silly if we don't come up with dramatically higher numbers than we've got today, implying solid growth over the long term. That's what it's all about. Sorry to be evasive by not pinning down precise numbers. But it's not my specific assumptions that are important. It's the overall trend of the company and the adoption of the product in the market that's important. --Mike Buckley

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next