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

To: rharshman who wrote (134705)	7/15/2004 11:06:59 AM
From: Kayaker	Read Replies (1) \| Respond to of 152472

<<I am sure you spotted McClure's ridiculous arithmetic. Qualcomm is selling at multiples about 40% lower than those indicated. >> Right, the PE (@ Yahoo) for next year is about 30. I'm tempted to buy some back here in the 68 range but I'm concerned about the PE. The 2005 PE is (more or less) 2x the PE of most stocks I compare it to. I know the prospects are very good, and the estimates for next year are low, but in this kind of tech downturn, Mr. Market has a habit of punishing high PE stocks.