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

To: Mark Marcellus who wrote (74057)	6/16/2000 6:49:00 AM
From: Jack Bridges	Read Replies (1) \| Respond to of 152472

Is there not a big difference between a carefully reasoned analysis, which you can validate or not by personal DD, and a so-called analysis reeking with gross negligence/falsehoods? jack

To: Mark Marcellus who wrote (74057)	6/17/2000 11:44:00 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Walter Piecyk (last December) tried to do a mathematical calculation of the net present value (NPV) of Qualcomm's various business's future earnings. This is EXACTLY what Finance theory (as taught today at business schools) tells you should be used to come up with a logical valuation of a claim on a piece of a corporation (translation : the share price). Ed Snyder lies about factual information regarding a company, and then guesses that IF his lies were true, then maybe the share price would be X. There is no comparison between the techniques of these two Wall Streeters. Jon.