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

To: Robin Plunder who wrote (107521)	10/26/2001 1:37:26 PM
From: marginmike	Read Replies (2) \| Respond to of 152472

If deflation acelerates ASP's will declins substantially, and qcom's growth will be slowed as well. As for lower rates lower pe's, if this is true, what happened in 1930's and in japan? Its irrelevent anyway because I believe US rates will back up due to fiscal irresponsibility and huge debt of consumer, corporate and US Government. If we have a modest recovery then rates back up signifigently, and pe's contract acourding to you. If rates go down that means business FA deteriorates, right? and earnings decline against expanding Pe's. So whats the good scenario where stocks can go up from these lofty valuation's?