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

To: Wyätt Gwyön who wrote (119340)	5/27/2002 11:00:32 AM
From: qveauriche	Read Replies (2) \| Respond to of 152472

I agree with Mucho that the LT investor can take little comfort from the fact that QCOm is less overvalued than other techs. It will ultimately be priced on its own merits, Mucho has made the point often, and he's right. Its just that i find the "QCOM is undervalued" argument more compelling than the "QCOM is overvalued" one. I just don't think you can use current earnings to model a dcf present value. You simply can't accurately account for growth from such an artificially suppressed base according to any formulaic model that is occluded with "large caps can only grow at such and such a rate" thinking.