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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (30227)	10/17/1999 12:41:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 99985

QCOM is at least 50% undervalued its PEratio versus next year's earnings is one fourth of its growth rate how does one value a company with qtr/qtr earnings growth in excess of 200% as reported in last two quarterly announcements, and four more such quarters? how does one value a company soon to be at the epicenter of the entire wireless world, let alone the wireless internet world? indeed tough questions qtr just ended saw at least 300% eps growth... current qtr ditto EMC pricing is greater than its growth rate, as is Cisco and Lucent and AOL and Yahoo when AT&T and Europe make their inevitable move into a commitment to Qualcomm's CDMA standard, people will regard QCOM cheap at any price... analysts have missed QCOM earnings by about 50% in consecutive quarters... many political and face-saving reasons to remain conservatively low I understand your point though... got several very pricey stocks out there / Jim

To: Haim R. Branisteanu who wrote (30227)	10/17/1999 8:32:00 PM
From: BILL G. WRIGHT	Read Replies (1) \| Respond to of 99985

I fully agree with your post here. I don't know where greenspan is coming from when he constantly worries about the stock market being over-valued. He needs to get a subscription to Investors Business Daily and read the section each day pertaining to Mutual Funds and he would realize that the vast majority of funds are not doing very well this year. As you mentioned the over-performance is in the internet stocks and a few other high tech type stocks. just because a handful of stocks are performing well certainly does not mean that the other 10,000 listed stocks are over-performing.