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To: arthur pritchard who wrote (139818)8/18/1999 2:34:00 PM
From: Murrey Walker  Read Replies (1) | Respond to of 176388
 
arthur...its finally happened! <g>

Message 10997086



To: arthur pritchard who wrote (139818)8/18/1999 2:46:00 PM
From: GVTucker  Read Replies (2) | Respond to of 176388
 
OT, arthur, RE: QCOM

Not a screaming buy at these levels, but certainly not a short.

Quick back of the envelope (not a substitute for a thorough due diligence, but it does provide a snicker test):

Take next year's estimate around $3.26, assume it grows at 30% a year for the next 4 years, you get earnings a little north of $9. The current price is a little more than 18x those earnings. Seems reasonable.