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

To: Clarksterh who wrote (119083)	5/21/2002 3:49:43 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

someone on Bloomberg(expert) talking about D-ram prices reason for Qcom weakness, and comp in digital wireless bad for them. What a complete dolt.

To: Clarksterh who wrote (119083)	5/23/2002 10:44:30 AM
From: Stock Farmer	Respond to of 152472

And so it will pretty well render such ratios as PE and PEG somewhat meaningless. Really one would need to compute P = (PE - PD) because Earnings will follow one curve while Dilution Cost will follow another one. CH: Thanks you for agreeing with exactly one of my points. It obscures earnings to try to combine two very very different kinds of beasts. The whole point of earnings is to be simple. You are welcome. My opinion isn't 'cause I don't see the arguments on both sides, it's that I view some as carrying a little less weight than others. For example, I might even weight the notion "we are already factoring that in as dilution" a bit higher, if the folks making this claim were explaining exactly how it is that they are already doing this. More claim than practice, IMHO. Kinda like the GSM path to 3G <ggg>. As to the point of earnings being simple? Hmmm... I thought the point was disclosure. If you want simple, might as well just dump a pile of money on your broker's table and say "do something with this". My comment wasn't that earnings were obscured, but that extrapolating this year's earnings into the future would be ill advised. Or that multiplying EPS by some historical factor to wave a "fair price" around might be uninformed. Two assumptions on which Qualcomm's current share price already depend, IMHO. John