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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (91226)	4/27/2010 6:37:06 PM
From: waitwatchwander	1 Recommendation Respond to of 197244

It is somewhat amazing to see Qualcomm and Apple with similar sets of analyst ratings. Apple is certainly ranked much better than I would of expected. However, I'm not a momentum fellow and usually don't see the logic in jumping upon such powerful rides. I've heard it can cause neurological trauma. Qualcomm is also ranked higher than I would of expected. Makes me think analysts or WSJ reporters must find stock ranking mentally challenging. I guess they're no different then the rest of us. In response to qinvestor's "reality vs hope" comment, Qualcomm earned $1.01 GAAP in fiscal 2004. At the start of that period (Oct 2003), the stock traded at $21 (pre split). That would be a PE of 42. I can't remember the cash position back then but I don't think it was a big deal. At 14, after accounting for the cash it stands out in today's crowd. Apple earned 0.71 in 2004 and traded at $23 (pre split), giving it a PE of 29. What is it today 22? Tech stock PE's of the last bottom have come down. In Qualcomm's case it is quite a bit, and as mather noted, tech companies are sitting on lots of cash. On a related matter, coming out of the last great tumble both Apple and Qualcomm split. qinvestor, did you know history is known to be repetitive? Given your PE comparison argument, it looks like Qualcomm is sitting pretty good these days. Oh btw Jacob, you brought up the stability of the number of outstanding shares a while back. That has been a bit upsetting over the years because with all those new option grants eps really has gone anywhere. Have you looked at Apples float, of late. In 2004, they had 774,622 share outstanding (post split). Today that sits at 909.94M (Yahoo) .... Hmmmm Apple does stands out from today's crowd but that seems to be for a much different reason then Qualcomm.