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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (722)	12/29/1999 9:00:00 AM
From: Lucretius	Read Replies (2) \| Respond to of 42523

roflmao..... it just gets sillier and sillier

To: Cynic 2005 who wrote (722)	12/29/1999 11:54:00 AM
From: MythMan	Respond to of 42523

Qualcomm (QCOM: news, msgs) shares, which two months ago were trading below 200, rose as much as 96, or 20 percent, to 599. Piecyk said he believes Qualcomm represents "an appropriate way" to invest in the long-term growth trends of wireless and data. Piecyk said that by the end of the next decade, 85 percent of phones sold will use Code Division Multiple Access (CDMA) technology, resulting in up to a $20 billion royalty stream for Qualcomm. The developer of CDMA wireless technology sells more than 90 percent of the Application Specific Integrated Chips (ASICs) used in CDMA phones and collects royalties for all CDMA phones. "Our 12-month price target of $1,000 implies 175x and 55x our 2001 profit and revenue estimates but is based on $800 for the present value of its royalty stream, $170 for 60x its ASIC profits and $30 for other assets," Piecyk said in his research note.