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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 164.53-0.4%Jan 14 3:59 PM EST
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To: Tlac who wrote (31314)5/30/1999 7:31:00 PM
From: JGoren  Read Replies (1) of 152472
 
I like your exuberance, but it is irrational. The PE ratio will drop, not increase. In addition, while the Intel model may be appropriate, Qualcomm will face competition from other chipmakers, which Intel did not face. $200 per share in a year, with 30% increases from there through 2004 ($425) is more in line with realistic expectations.
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