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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 155.82-1.3%Jan 23 9:30 AM EST
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To: ron delany who wrote (29896)5/12/1999 1:35:00 PM
From: LindyBill  Read Replies (1) of 152472
 
Over 70 times earnings and big moves seemingly every day.

Q should go to 80 times earnings and hold it, IMO. I would not be surprised to see it hit 100PE or better with a couple of more quarters like the last one. A 150 price this summer is doable,IMO.

The reason for this is the spreading knowledge in the market of the "Gorilla" nature of Q's business.
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