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

To: Mike Buckley who wrote (244)	11/1/2003 11:42:11 PM
From: straight life	Read Replies (1) \| Respond to of 2955

Mike- Several months back, a senior QCOM official in a public forum suggested that they could maintain a CAGR of 37.5% That would really work for me, though even I must admit to a healthy skepticism that they could really accomplish such an outsized feat. From a value perspective that would equal a current intrinsic valuation of $124 a share, using a discounted cash flow model that assumes the 37.5% CAGR on initial earnings of $726,300,032 and a 15% discount rate over a 10 year period. Since this is not an area that I'm comfortable with I cannot really stand behind either these figures or the analysis itself, which I got off a website. However, I do find the possibility of this occuring encouraging, to say the least. I think 3G will be huge, much larger than investors (who've been terribly depressed and beaten down by the Great Bear) are currently prepared to accept. It'll be interesting. Be well.