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

To: Nichols who wrote (52540)	12/5/1999 12:38:00 PM
From: JGoren	Read Replies (1) \| Respond to of 152472

No particular calculations. Hopefully, it is conservative. It is based on estimated increase in income for the next year while maintaining somewhere near the current PE but allowing some decrease in PE. Frankly, the price of the stock is way ahead of where I thought it would be at this time, but I am not going to expect that it will continue this way. After the sale of the handset division, the stock price will be far more tied to earnings than before, and execution will be key.