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

To: RocketMan who wrote (70923)	4/19/2000 9:38:00 AM
From: DWB	Respond to of 152472

To the thread... Just to try and keep things in perspective... the most recent quarter's earnings, for those who were stockholders at the beginning of last year, are equivalent to 8*$0.26, or $2.08, which would project to a $8.32/share year, meaning when QCOM was at 50ish at the beginning of last year, it was selling at a forward PE of about 6. I remember a whole lot of conversation on this thread about whether we could do $5 or $6 of earnings in 2000... and most people were highly skeptical. Skooter Pie sold his stock, and that's ok. The rest of us now need to figure out if QCOM can continue to explode earnings, and at what rate. When will Wall Street start factoring in the 3G CDMA revenues from all those GSM systems that QCOM currently doesn't profit from? Could we see a similar type earnings explosion when that happens? I think so, and have invested accordingly. Everyone else needs to decide for themselves as well... DWB Q2.5K/Y2K+5