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


To: Ruffian who wrote (59536)1/4/2000 9:31:00 PM
From: Randall Knight  Read Replies (2) | Respond to of 152472
 
Qualcomm a risky fund you may own without knowing it

And here is my email to THIS author:

Dear Mr. Brown,

In your article you stated that earnings on continuing operations for last fiscal year for Qualcomm were $.69/share. In fact, pro forma earnings (earnings on continuing operations were $.75/share. A small difference, granted but it affects the equation. Also, pay attention to when QCOM announces their earnings on January 25th. I think that you'll see earnings for the first quarter (typically the weakest quarter for telecoms) to be closer to $.28/share.This would represent earnings growth of over 80% year over year. How high would you value a company that is growing earnings at this rate?

Yahoo finance has last year's earnings listed at $.61. You should know that Yahoo is not a very good place to get accurate numbers. Try: corporate-ir.net

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Man, one down day and I start getting pissy.



To: Ruffian who wrote (59536)1/4/2000 10:12:00 PM
From: John Inine  Respond to of 152472
 
What a sucker I've been ! A savings account could have made me 10x my qcom investment last year.

"The only reason to own a 300 P/E stock is that you think its profits eventually will rise to beat earnings on alternate investments. At 300 to 1, Qualcomm is earning 0.33 percent, about one-tenth what you can get in a savings account. "