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

To: 16yearcycle who wrote (52592)	12/5/1999 2:39:00 PM
From: steve mamus	Respond to of 152472

Fair Value of QCOM thru calendar year 2000?? The most optimistic year 2000 earnings (from the boards not the street) I have read that I could believe is 7 dollars per share. The streets estimates are a great deal lower. Assuming a PE of 80 on Y2K earnings gives me a max price of 560 dollars. This again assumes high earnings and only a maximum double digit P/E. Assuming the above is there any reason one should not be drooling all over the July 500 calls at 50+ per share. This works out to a lockin at 550 assuming taxes and downside potential are not major factors. It works for me. Selling puts in a big way way out of the money continues to look attractive. Just wondering if anyone can justify higher price in Y2k. Not wanting to be laughed off the board I have at least one credible source that has suggested a one year target greater then 800 dollars. How one gets there is hard for me to understand unless one is paying a higher P/E for future anticipated growth. Would welcome any comments and if anyone can rip this simple minded thinking apart I would truly welcome it. Of course I could live with a QCOM price of 800 per share since I do own a share or 2.

To: 16yearcycle who wrote (52592)	12/5/1999 2:58:00 PM
From: Uncle Frank	Read Replies (3) \| Respond to of 152472

>> Yes, I think Q can be at under 100 post split. And e are going to have to be above 1.10 for these projections of 150 to come true and HOLD. Agreed, but who cares? The essential thing is to keep our eye on the ever improving fundamentals of Q (sub rate growth, hdr, value chain formation, etc). Timing and short term guesses, either for the market or Q, distracts us from the real payoff, which will only accrue in full measure to LTB&H investors. jmho, unq