Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.32

+2.3%

Nov 21 9:30 AM EST

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To: FedWatcher who wrote (29464)	5/8/1999 2:13:00 AM
From: Mike Buckley	Read Replies (1) of 152472

EinC1, Nobody could have predicted that the current P/E would leave our Galaxy and start approaching the edge of the Universe where all the Amazons and alike reside. The PE hasn't changed nearly as much as your comment suggests if we use an earnings run-rate of $4.80. I respect your right to a different view, but comparing the Q's PE to Amazon.com doesn't make any sense to me considering that Amazon.com and many of the Internet stocks have no earnings. But if you expect from him to predict exactly the degree of market enthusiasm or disappointment for any particular deal, then you attribute to him some supernatural qualities. I really do believe that if you read my post again there was no reason to infer anything of the kind. --Mike Buckley

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