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


To: Boplicity who wrote (37810)8/7/1999 7:33:00 PM
From: LindyBill  Read Replies (3) | Respond to of 152472
 
Frankly what the houses have for a price means little to nothing to me

I really don't care either, Gregory. What I do care about is earnings. I see no reason to believe that earnings will be less than 4 to 6 next year. I see no reason to believe that the market will pay less than 50 times earnings for Q. This gives us a price from 200 to 300 next year, no matter what direction the winds are blowing.

Do you see anything I don't?



To: Boplicity who wrote (37810)8/8/1999 10:46:00 AM
From: Keith Feral  Read Replies (1) | Respond to of 152472
 
AOL never had the EPS to back up its valuation unlike the Q. AOL was a terrible buy at $95 before it went to $160. QCOM was a great buy at $95 going to $150 based on its low PE. With the new visibility for the Q's 2000 EPS, it is a great buy at $150 going to $200. I think the market will factor in another stock split by the end of the year as the stock runs back to $225.