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

To: sea_biscuit who wrote (116609)	4/12/2002 4:12:02 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

earnings can........................if sustained...........

To: sea_biscuit who wrote (116609)	4/12/2002 7:14:35 PM
From: Wyätt Gwyön	Respond to of 152472

So, the bottom line is -- I don't care whether things are on track or not. Once valuations get out of whack, it doesn't matter one way or the other. Nothing can save you from the curse of high valuations. Nothing. so true, so true. one thing i notice about a lot of chatrooms (including this one) is people's frustration when the stock doesn't go up even though the company "executed" well. they think the "market" must be stupid or else there is some evil GSM cabal sponsored by Barron's that is trying to keep the stock down. but imho, a look at valuations can explain a lot, even if execution is good. by the same token, companies that make mistakes and execute poorly, if they become extremely cheap, can go up in the face of their mistakes. "good things happen to cheap stocks." that is one kind of value approach. another kind is to find well-managed companies that sell at a "fair price" (a/k/a the buffett approach), but i can't find many of those companies in the tech sector. however, i believe the occasion will arise within a few years to buy some very well-managed tech cos at attractive prices (including QCOM). the approach i always want to avoid is paying a high price, either for a well-managed or poorly-managed co. although i readily admit that paying a high price worked well during the bubble days (and i frequently did it), i doubt that approach will work in the post-bubble era. BWDIK! all JMHO and i could be completely wrong.