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

To: limtex who wrote (108069)	11/6/2001 6:39:45 PM
From: carranza2	Read Replies (1) \| Respond to of 152472

Limtex, I'm having exactly the reaction you are having. We were simply not properly informed on many issues. To my mind, Q's management's credibility has been seriously compromised this quarter. And I'm a loyal Q-nut who has previously thought that Q's leaders walked on water.

To: limtex who wrote (108069)	11/6/2001 6:46:16 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 152472

L--The economy is too weak to forgive lower than expected earnings. I think that, even though QCOM looks very good in terms of earnings prospects for 2002, one has to realize that the current average price-earnings ratio for stocks in, say, the S&P 500 index, is way too high for the kind of earnings being forecast overall. How can we have a PE of 35 and estimated growth in most cases less than 10 percent? At least QCOM current share price is not all that out of line for its projected growth. But I don't see how the stock can go up very much when the prospects for OTHER stocks are so poor. Art