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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: Caxton Rhodes who wrote (552)	8/4/1999 10:04:00 PM
From: Art Bechhoefer	Respond to of 13582

Well, all I can say is, look at the fundamentals and compare with some of the real high flyers; i.e., the ones that at least are earning something, like AOL. Compared with AOL, even after the recent drop in AOL, QCOM is cheap. If a company has established a solid growth rate, as has QCOM, a high PE is simply a reflection of that growth. Just because the PE seems high by comparison with other stocks doesn't mean that the PE must fall. By definition, the PE relates to growth rate.