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

To: Randall Knight who wrote (59586)	1/5/2000 8:29:00 AM
From: Jill	Respond to of 152472

Geez, that guy is extremely emotional about this--and why? "It makes me sick it has risen so fast." Why doesn't he view the market more the way Voltaire does, or Greg Mullineaux--ride it up, and if fundamentals change or it starts basing, even as AOL may be, get out with your profits and go elsewhere. He's too attached to his investments. Also--I recall our now absent dinner guest pointing out that the penetration was not one phone per household. The penetration (i.e. 3 bill) was multiple phones, upgrading to new better phones in each household, buying new ones because you dropped or broke old ones, and other wireless devices--Palm, etc. And besides, the market puts money in a story it likes. Jill

To: Randall Knight who wrote (59586)	1/5/2000 1:37:00 PM
From: SKIP PAUL	Read Replies (1) \| Respond to of 152472

I received a similar response from Motley fool to my critical letter to which I responded as follows: Thanks for your response Qualcomm is estimated to make more than $1.25 per share this year. CAGR of 50% for 5 years and applying a PEG of 1 and discounting to NPV gets you a price north of $250. With VOICE itself growing at 70% rate and wireless internet coming next year 50% plus growth over 5 years should be achievable. Most High growth stocks are selling at PEG's of 2 to 3. There are only three ways of doing wireless FDMA, TDMA and CDMA. CDMA is by far the most efficient and nothing else in sight. Even if a new protocol were to emerge it would take years to become a standard. CDMA is likely to become the wireless standard for all wireless which includes voice, internet, robotics etc. One should include the population of machines not only humans as potential users of wireless. regards Skip