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

To: rrufff who wrote (103391)	8/29/2001 3:23:10 PM
From: surfbaron	Respond to of 152472

RRuff: <<<<These arguments used to justify a price based on future p/e's and p/s's are no longer valid in this market. It's amazing that here we are today now eating the expected future pe and p/s of 12-18 months ago and getting skinnier by the day. Yet this nonsensical method of evaluation will one day rule again.When you here the future pe evaluation crap start to emerge will you please slap me so I don't forget what I learned.

To: rrufff who wrote (103391)	8/29/2001 4:18:57 PM
From: ggamer	Respond to of 152472

To get a feel for the growth of the wireless market, please open up your local newspaper: about 30% of the ads in SF Bay Area news papers are wireless ads. And this is with the wireless market being saturated in this country. Imagine what is going on in places like Korea, Japan, China, and soon India. Oh and by the way, wireless data is around the corner. Don't bet against a toll gate! GGamer QCOM, Toll Gate to 3G Serving Brewed, Snaptraked, Multi-Flavored CDMA

To: rrufff who wrote (103391)	8/30/2001 12:47:49 AM
From: pcstel	Read Replies (1) \| Respond to of 152472

These arguments used to justify a price based on future p/e's and p/s's are no longer valid in this market. It's interesting that people claim that some equities are still highly overvalued based on historical P/E Ratios.. Yet, The basis of these "Historical P/E Ratios" is based on "Actual Earnings".. aka GAAP Accounting.. That the real number reported to the SEC.. (Although some people somehow have fooled themselves into believeing that Pro Forma earnings are GAAP earnings).. Now.. If you compare todays equity valuations and P/E ratios (which are based on Pro Forma (The Story Tellers Version)) versus GAAP P/E Ratios.. You will find that many, many companies have a higher valuation than they had in December of 1999. And astronomically higher than "historical "GAAP" based P/E Ratios. PCSTEL