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.

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

To: waverider who wrote (78048)	7/28/2000 5:58:52 PM
From: Jacob Snyder	Read Replies (3) \| Respond to of 152472

It bothers me that so many holders of this stock have such high expectations. My 150 price target in 1/2003 comes from an expectation of the forward PE staying the same, and EPS growing 40%/year. In order to get to a much higher price by 2003, you have to assume either a much higher forward PE, or a much higher EPS. Either, IMO, is unrealistic. The valuations we saw on techs during the late-1999-to-early-2000 mania blowoff will not be seen again in our lifetimes. It was a once-in-a-lifetime selling opportunity for growth stocks. And I haven't seen any realistic calculation for calendar 2003 EPS much above 3$. Maybe we still have some more work to do, shaking out the weak hands.