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


To: DaveMG who wrote (38844)8/27/1999 4:16:00 PM
From: SpudFarmer  Read Replies (2) | Respond to of 152472
 
DaveMG: Thanks for the different opinion.

"Qualcomm is already priced about triple all the earnings it will make in its corporate life,"

Pretty bold statement, considering "corporate life" is infinite.

"So, I think Qualcomm is doomed as a stock, but I don't know when the market will realize it. It will be a huge put winner some day. "

I'm glad someone is thinking, although what "it" is; is only a guess at this point. I am open to be "realize"d. No reason in that post.

Maybe I should go and stick my nose in where it doesn't belong and get educated.

Thanks.



To: DaveMG who wrote (38844)8/27/1999 4:23:00 PM
From: LindyBill  Read Replies (2) | Respond to of 152472
 
So, I think Qualcomm is doomed as a stock, but I don't know when the market will realize it

I tried to communicate with Burke when I first signed on to SI last year, and quickly discovered that he was a smart-ass who did not know what he was talking about. I see he hasn't changed.

It is beyond me why anybody reads or posts to this clown.



To: DaveMG who wrote (38844)8/27/1999 5:03:00 PM
From: llwk7051@aol.com  Respond to of 152472
 
To: Steven J Emmerich who wrote (66850)
From: Michael D.Burke Friday, Aug 27 1999 11:10AM ET
Reply # of 66908
Steve, Qualcomm is already priced about triple all the earnings it will make in its corporate life (which is far more than the discouted dividends it will ever pay), so I think there is no doubt it is a very overpriced stock. The problem is, they are likely to make or beat estimates and that is what most investors care about, not the value of the co.
So, I think Qualcomm is doomed as a stock, but I don't know when the market will realize it. It will be a huge put winner some day.

After reading the above post and seeing the huge decline in Qcom value today, SusieQ a former Quillionaire and holder for almost a day sold all her Qualcomm, locked her door and refused to come to dinner. She was heard saying "How can Qualcomm management mislead me so badly! Now I know how fortunes are lost. Wow is me!"