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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (81014)	5/22/2000 12:27:00 AM
From: Les H	Read Replies (1) \| Respond to of 132070

Qualcomm's probably fair valued in the 40-50 dollar range using PEG of 1 on the long-term growth of 30%. They keep using prior years' or current year's growth to justify PEGs. There was a time when they used five-years, then three, then last years, then forward year. You can only get away with it in a momentum market. There are already some stocks like JBL, SANM, and SCI approaching reasonable prices but INTC, CSCO, QCOM, and other favorites still look overpriced to me.