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

To: Kayaker who wrote (53975)	12/14/1999 1:08:00 PM
From: Voltaire	Read Replies (2) \| Respond to of 152472

I just heard on a noon Mkt. wrap show from some idiot saying he was looking for value and he just could not see it in QCOM. I just got tickled, when are they going to learn that the greatest quality of VALUE is DEMAND! Geeez! peace, V

To: Kayaker who wrote (53975)	12/14/1999 1:08:00 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 152472

Considering the number of profitable high tech gorillas going for a peg of 2.0+, it is getting real old hearing how Qcom is unjustifiably high. We are running at a growth rate of 60% minimum, so using the same numbers as the other big caps, a pe of 120 on this years e allows us to be at 600 NOW. I have said before we are ahead of ourselves, but I am trying to be conservative. These guys are simply dumbfounded by the 19-435 move. If they would take their heads out of their asses they would see that at 19 we were at a pe of 4!!!!! on this years earnings, and so the issue is why the stock was so friggin LOW, not why it is high now.