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

To: Michael who wrote (39569)	9/2/1999 2:35:00 PM
From: Bux	Respond to of 152472

Reasonable p/e for Q is based on forward earnings forecast. Take $4.00 and place a Nokia p/e of 40 to $4 and you get 160 Since when does the CDMA developer, innovator, royalty king, brain-trust get the same p/e as the manufacturer? Where are Nokia's CDMA chips? Are they as good as Qualcomms? Do they pay royalties on these to Qualcomm? Does Nokia have a profitable satellite business? Does Nokia have leading edge encryption technology? How about leading edge compression technology. Digital Cinema in the works? Management with a long-term view? Why use the same p/e then? Bux

To: Michael who wrote (39569)	9/2/1999 4:02:00 PM
From: SpudFarmer	Respond to of 152472

Michael: I was just trying to have a little fun. Thanks for the sound comments. I will not attempt to debate the valuations issue because it is like the weather, and P/E like a barometer. (Unless of course, I feel like I need a few more enemies today!) I do think for those who really do have 10,15,20... years experience investing, 'reasonable' applies. For most under that, 'reasonable' has a whole different meaning. Some, (myself included) "reasonable, what's that?". For Q, as many have stated, (and some are doing), core position, buy on dips, and hang on for the long haul is the cornerstone. All else is "play $$$$$". Here's to continued reasonable success.