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

To: LindyBill who wrote (39558)	9/2/1999 1:23:00 PM
From: SpudFarmer	Read Replies (1) \| Respond to of 152472

What!?! Someone expects this market to have 'reasonable' PE's? Sounds like Greenspeak to me. God help us all if stocks only gained 5-10%/yr. Economic disaster would be declared. Blood wouldn't be flowing in the streets, but I'm sure we'd be knee deep in "whine".

To: LindyBill who wrote (39558)	9/2/1999 2:55:00 PM
From: Caxton Rhodes	Read Replies (2) \| Respond to of 152472

Lindy- Without being overly optimistic on world roll-out of cdma (which I admit may explode during this time period), I would say 2000 4.50-5.50, 2001 5-6.50. At 40 times forward, that's 180 to 220, and 200 -260. I am nervous about being too optimistic, because some, especially newbies to Q and newbies to investing, may take these numbers as fact and margin the hell out of their accounts. If these numbers don't come true, we are setting a bunch of folks up for slaughter. In my early days of investing in Q, as it would rise from 35-70, I'd buy all the way up. When it pulled back, I'd be forced to sell low. I finally learned my lesson. It is very easy to get swept away by the potential of this company and loose touch with the reality of the market which includes corrections, bad calls from analysts, world events, etc. etc. If people truly believe, I would advise that the most aggressive approach is taken by owning a higher percentage of Q in your portfolio, and buying on dips, not new highs. This stock is too volatile. Caxton