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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (2646)	10/25/1999 2:30:00 PM
From: Ruffian	Respond to of 13582

SSB Report On Q> Salomon Smith Barney Report by: yukonwu 45361 of 45369 Go to smithbarney.com for all reports... Regardless of the event, Qualcomm would be transformed into a fabless semiconductor company with critical enabling technology for the fastest growing digital standard today and for third generation wireless technologies of the future. Based on this transformation that could occur as early as the end of this year, we believe Qualcomm could ultimately be worth twice as much as it is today. While our price target is only $210, we believe a double still is possible. Left would be a company growing 40%-50% each year with total revenue and royalty fees of$2.4 billion and pretax income of about $1.2 billion or 50% PRETAX margins. Companies with similar strategies currently trade anywhere from about 15 to 30 times revenue, indicating at the low end Qualcomm could be worth $190 and at the upper end $370. Since we believe the market opportunity of wireless comminucations far exceeds that of the DSL players at the upper end of the valuation range, we believe Qualcomm's ultimate potential is at the upper end of the range.

To: gdichaz who wrote (2646)	10/25/1999 3:22:00 PM
From: LindyBill	Read Replies (3) \| Respond to of 13582

Also I'd like to know that while others have diversified a bit you have stayed 100% Q. At around 200 do you still see Q as the best opportunity? I think most of us look at the runup and go wow it's expensive now. I have been getting a lot of PM's from thread mates like the one above. I am still 100% Q. My attitude toward Q is as follows: (Print it out and paste it above your monitor!) THE BEST PLACE INVEST YOUR MONEY IS THE STOCK MARKET THE BEST SECTOR OF THE STOCK MARKET IS HI-TECH THE BEST SECTOR OF HI-TECH IS TELECOMMUNICATIONS THE BEST SECTOR OF TELECOMMUNICATIONS IS WIRELESS THE BEST COMPANY IN THE WIRELESS SECTOR IS QUALCOMM!