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

To: JGoren who wrote (52588)	12/5/1999 1:29:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 152472

Agreed! I believe we will see a natural retrenchment of Q's stock price after the final news of the handset sale is out and the split shares are delivered. Q needs to continue to deliver its earnings growth - pure and simple. Any slip-ups in earnings and Q's stock price would get hammered over the short term. The Street would love to pounce on Q if it failed to deliver. I would be thrilled to see a 35% compounded share appreciation year/year for the foreseeable future. Theoretically, the 35% would be under the expected EPS growth rates for Q. The high PE ratio would not become a market issue for Q analysts/pundits. A 35% compounded return for the next "X" number of years gives you unbelievable wealth. Have a great weekend and good luck all. jmanvegas