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

To: Peter J Hudson who wrote (3176)	11/12/1999 5:49:00 PM
From: Ibexx	Respond to of 13582

It's dangerous to invest in a visionary stock while listening to bean counters. I am serious. Good luck, Ibexx

To: Peter J Hudson who wrote (3176)	11/12/1999 5:54:00 PM
From: Cooters	Read Replies (1) \| Respond to of 13582

<<It appears to me that the market has discounted earnings to year end 2001, but that's ok I'll still have my shares>> I believe I posted this on the other thread, so here's the short version: If the transition from a voice-based wireless equipment manufacturer to a data-based wireless equipment manufacturer represents the sea change for this company that I believe it does, then trailing earnings become no more meaningful than those of a drug company preparing to sell a recently approved drug. You would value the company based on the projected sales of the new, patent-protected drug and not any past activities. With QCOM, you have both a previous IPR related business and a future IPR related business. Very difficult to assign a trailing PE. JMHO, Cooters