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

To: Boplicity who wrote (50742)	11/17/1999 5:35:00 PM
From: Rich Bloem	Read Replies (1) \| Respond to of 152472

Greg, disagree with your point about handset news. This is not news. This is old stuff. Jacobs has said before that it may drag past the end of year. The real news will be the conditions of the sale.

To: Boplicity who wrote (50742)	11/17/1999 5:38:00 PM
From: LBstocks	Read Replies (2) \| Respond to of 152472

Clarification: Dr. J said that the handset division sale will CLOSE in the first quarter of next year. The announcement of the terms of the sale (which is what will move the stock price) will occur before the end of the year.

To: Boplicity who wrote (50742)	11/17/1999 6:10:00 PM
From: jakers12	Respond to of 152472

LOL, If you are planning to hold onto the stock for 6 months or so, the timing of the sale doesn't really matter. What matters is that the growth continues in the quarter in which you want to sell. Us shareholders hope the market maintains a high PE for QCOM!! I think the stock price will remain around 4 times last quarter's EPS * 90 (PE) = 4 * .91 * 90 = $327/sh. That's my "fair market value" for now. Next quarter, i expect it to increase by 25%. The formula should hold, although there would be pressure to decrease the PE, if QCOM doesn't continue to grow at ~20%. woof, woof, -jakers.