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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (35920)	7/19/1999 8:37:00 PM
From: califjk	Read Replies (1) \| Respond to of 152472

Dear M&M: Its tough to pick a short term top. With options its like robbing a bank. You grab as much $ as you can and run out the door before the guns arrive...jk

To: marginmike who wrote (35920)	7/19/1999 11:24:00 PM
From: Michael	Read Replies (2) \| Respond to of 152472

My Friend Michael: You surprise me, you are obviously an intelligent thoughtful man. Why are you fussing with options and then worrying about where QCOM is going in the short term. Earnings were great 86 cents pro forma, QCOM management clearly stated that this is the number to use for future quarters, clearly stating that there is only upside to that number. 4 times 86 equals $3.44 minimal, for a forward p/e number QCOM deserves a nokia PE multiply minimal which is 51. 51+ p/e times $3.44+ equals 175++ stock price sure is a nice day Michael