Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: Caxton Rhodes who wrote (33690)	6/30/1999 12:44:00 PM
From: T L Comiskey	Read Replies (3) \| Respond to of 152472

Looks like our short friends may be seeing the writing on the Wall........Tim

To: Caxton Rhodes who wrote (33690)	6/30/1999 1:09:00 PM
From: moat	Read Replies (1) \| Respond to of 152472

EPS $3/sh x 75 p/e = $225/sh is not totally unreasonable in this environment given such strong fundamental story. This is one of the best wireless + Internet plays. There are 160 million GSM users and 25 million CDMA users today (and the entire market is growing very fast ... you can see it all around you). CDMA's penetration is just at the beginning of a 10-20 year trend. George Gilder said Qualcomm is the Intel of wireless (analogy of CDMA and x86) and many agree. Story wise, I would say Qualcomm's position in CDMA is better than BRCM's position in cable modems (in the long-run). Qualcomm's p/e should continue to expand in C1999. Think about this if you are considering taking profits.