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

To: Jon Koplik who wrote (68258)	3/2/2000 12:22:00 PM
From: KyrosL	Read Replies (1) \| Respond to of 152472

Actually the total shares are closer to 570 million. At the current price of $114, Palm's valuation is $65 billion, or about 3/4 of Qualcomm's valuation. And its revenues are about 13% of 3Com's revenues. Remember Mehrdad Arya coming on this thread to tout 3Com a while back? I guess he was right! Of course, I do think that this valuation is beyond mania. It is certifiably insane. But I can say the same for a bunch of other companies. I have a feeling that this mania is not going to have a happy ending for the economy and even for the country. Kyros

To: Jon Koplik who wrote (68258)	3/2/2000 12:25:00 PM
From: techguerrilla	Read Replies (2) \| Respond to of 152472

Palm will eventually . . . . make a lot of investors very angry. Market cap near Qualcomm? <Howling in laughter>. Palm Pilot will go the way of the 8-track. John

To: Jon Koplik who wrote (68258)	3/2/2000 12:29:00 PM
From: puzzlecraft	Respond to of 152472

The 532meg is before the offering. PALM will have 562,258,065 afterwards, plus 25.5meg reserved for option plans. Using the current quote of $109 a share market, that gives a cap of 61.3 gigabucks, 70x annualized sales using the first 6mos reported, 1360x eps. This trend in extreme valuations in IPO offerings, IMO, could be countered by passing a requirement that a company offer, say, at least 30% of its shares to the public at IPO time... but who wants to spoil the carnival? John