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

To: Jordan Levitt who wrote (111137)	1/18/2002 11:22:23 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 152472

Jordan, re: your bullish scenario, So let me ask you, what if [bullish scenario] in my best case scenario, if qcom grows earnings from a $1 base at 15% per year over the next decade, i see value in the mid-teens today (i.e., i would anticipate a 15% annual return from that level, assuming the decade-long 15% CAGR comes to pass). that includes the generous assumption that its pro forma earnings are "real". of course, 15% CAGR for the next decade would make QCOM a truly exceptional growth company--probably in the top 1% of the S&P500 if Warren Buffett is to be believed. whether that scenario is a realistic assumption for a company whose earnings have stagnated for a couple years remains to be seen. my "less than best case" scenarios project somewhat lower personal buy-price targets for me.