Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (37345)	6/5/2000 9:47:00 AM
From: The Phoenix	Read Replies (1) \| Respond to of 63513

Jorj, The facts are the facts. QCOM - whether directly or via NOK, or MOT or any other vendor providing CDMA technology (upon which 3G is based) will benefit. I consider this another attempt by the Chinese to play the volatility in this stock or - like you said - to negotiate a better deal. In the end QCOM holds the patents and they will eventually benefit. The world is going 3G - china doesn't want the extra cost and complexity of needed gateways to connect to the rest of the world or to be late on application development because of using a different standard.... I don't think. So, while I too sold my QCOM position on Friday at $72 I am thinking that if gets to the low $60's I may have to re-enter. At $60 QCOM trades 55 this years expected earnings and 43 times next years. They had 80% earnings growth last year and are projected to do only 30% next year.. I see a low ball by the analysts. Forward PE is probably closer to 35 if you assume a $60 price and 50% earnings growth. Remember - there isn't much overhead in royalties. OG