Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Gorilla and King Portfolio candidates - Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Jim Mullens who wrote (234)	11/1/2003 11:55:03 AM
From: Uncle Frank	Respond to of 2955

>> I believe the analyst community has significantly underestimated Qualcomm’s long term (3-5 years) growth rate at 15%... Per Moore, that's normal for a Gorilla. >> Qualcomm appears to me to be significantly undervalued when compared to its peers (comm equip/ semi equip, TXN), the tech sector, and the market in general. Even if that's true, it doesn't necessarily mean that qcom is undervalued. It may just be "less overvalued" than its peers. Simply put, what I'm looking for is a stock that's less valued than it's gonna be at the time I want to sell it. Unfortunately, it's not very simple to determine that. uf

To: Jim Mullens who wrote (234)	11/1/2003 1:20:05 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 2955

Jim, I use the metrics (EPS, PE, LT growth rate, PEG) most brokerage analysts use as reflected in reports by First Call, Zacks, etc I understand that from having read all of your other posts here and on the Qualcomm moderated thread. I also understand that you have felt for a long time that Qualcomm is highly misunderstood and consistently undervalued. However, that information your post repeats doesn't answer my question: What is the fair value (or range of fair value) that you've determined? It's not a problem for me that you might not want to answer that question. If so, simply say so. As an example, I've explained that I believe it's very difficult for me confidently to arrive at it. But please don't evade my question, unintentionally or otherwise. Again, can you put some numbers to your FCF/ Enterprise Value methodology for further analysis and comparison? Sorry that I forgot to address that the first time around. There are a number of reasons I'm not comfortable providing those numbers. (i) One reason is explained in post #53967 in the unmoderated G&K thread. (ii) I believe I've already given sufficient information to digest. I've provided the rate of growth of the FCF numbers I use which in my mind is more important than the numbers themselves. I've also provided the detailed methodology I use for determining those numbers. (iii) I believe anyone interested in more information about that should determine their own numbers, whether they use my method or another method. (iv) You mention that it would be helpful to compare my numbers yet I can't imagine what they might be compared to that would be helpful. I'm open-minded so have at it if you believe you can change my mind. --Mike Buckley

To: Jim Mullens who wrote (234)	11/3/2003 5:09:00 PM
From: Eric L	Read Replies (1) \| Respond to of 2955

Loose Screws, Jim. << Siemens recently stated that in 5 years all wireless phones sold would be 3G. >> No they didn't, Jim, and YOU KNOW they didn't. What in the world motivates you to shamelessly distort fact to the degree that you do on an investment board? Sit back. Relax. Tighten your screw or get somebody to tighten it for you. I realize that you are seriously overinvested in Qualcomm. Be that as it may, why would you invent words, attribute them to others, and attempt to perpetrate them on investors who are not mired up to their hubcaps to the degree that you are in a single company? << I hope this helps- jim >> Misreprepresentation of fact doesn't help anyone on this thread. Please go back and review Siemens's statement on this subject. Please repeat it here and contrast it against your own callous misrepresentation of what they stated. Thank You, - Eric -