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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (54690)	8/22/1999 12:52:00 PM
From: CRay33	Respond to of 90042

QCOM is a great longer-term hold. They are going to be the major player in wireless over the next several years. CDMA (which Q developed and will receive royalties for every cellphone which uses it) continues to grow as the accepted standard. This, along with relationships with MSFT and COMS is really exciting. Cellphones and palmpilots will become one device, capable of voice and data. Q should easily earn over $4 share - which leads to forward P/E of 42. This is low for a stock growing revenue and earnings at nearly 50%. At first it seems expensive at $170 - but a market cap of $28 B is low for a company which will be a prime benefactor of the wireless voice & data market This is the group in which to park money over the next couple of years. Internet is headed wireless - time to invest now in that group IMHO. -Dave