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Technology Stocks : RF Micro Devices (RFMD) -- Ignore unavailable to you. Want to Upgrade?

To: LJM who wrote (1280)	11/11/1999 4:18:00 PM
From: Warpfactor	Read Replies (1) \| Respond to of 4849

LJM, Qualcomm Has projected earnings of slightly less than $4.00 per share for Y2K, so I'd guess that they have a forward PE of about 80 right here. It's high, but in the neighborhood of CSCO. Last year all the 'Nets boomed with no earnings at all. Nothing wrong with being long QCOM. Like I said, I would not be surprised if it hits 600 by year end. I've decided to cancel my 75 limit sell on RFMD. The NASDAQ is just too hot. Oooh Baby!! Another $4 today for RFMD, and a $7 spot for my AMAT. I'm beginning to wonder about all these energy stocks I'm holding in my portfolio. $24+ crude and the sector has been flat for months. With that $24 oil, some of my stocks have been reporting earnings that have just decimated the consensus estimates, yet all I get is a blip on the chart. But, they are a good hedge for my tech stocks. Energy often moves up when techs go down. Warren