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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (7666)	8/24/2001 6:18:11 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 74559

hi Maurice Winn, MM, I do not mean that Q! single-handedly saves the USA. I am using it as an example. Extrapolate the example across the Dow and Nasdaq OK. but to continue with the seeing-the-world-in-a-grain-of-sand theme, let's compare QCOM with GM. QCOM has ttm sales of 2.67 billion (you said 4 billion, but i'm not sure where you get that figure). GM has ttm sales of 177.9 billion. that means GM has more than 66 times the revenue of QCOM. it is absurd to think that QCOM has more impact on the US economy than a company with 66 times its revenues. in fact, when compared to GM, QCOM looks to me like a little economic midget. it may have exciting technology (and certainly investors must think so, paying some 18 times sales compared to 0.18 times sales for GM, a stunning 100-fold difference in the price-to-sales multiple!), but on the macroeconomic level of the US economy, it is barely a blip on the radar.