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Technology Stocks : How high will Microsoft fly?
MSFT 483.69+1.1%Dec 11 3:59 PM EST

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To: Sir Francis Drake who wrote (23233)5/26/1999 12:20:00 AM
From: Uncle Frank  Read Replies (1) of 74651
 
>>even high p/e QCOM is looking strong here

Sir Francis, as a Qhead, I have to challange you on that characterization of Qualcomm. It's only true if you're looking in the rear view mirror (as in trailing twelve month), which is clearly not indicative of future earnings since they have offloaded the infrastructure business to Ericsson.

The current consensus for fy00 is 2.51 (which imho is very conservative), which puts the forward p/e at 36.5; hardly a high p/e for a stock sporting a 5 year earnings cgr of 53.4%.

My Second will be in contact with you, Sir Francis. You choice of weapons, naturally.

Frank

btw, Mr. Softee held up wonderfully today; I have hope for tomorrow <g>.
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