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

To: Dan Ross who wrote (6447)	12/14/1997 6:23:00 PM
From: Bill Wolf	Read Replies (2) \| Respond to of 152472

Doug, Dan, JGoren et al... then at what number does this co become a 'screaming' buy ?

To: Dan Ross who wrote (6447)	12/14/1997 6:51:00 PM
From: brian h	Read Replies (2) \| Respond to of 152472

Dan and Dougjn, You guys have been good to this thread by exposing QCOM's possible Korea problem. However, I disagree with both of you from the point of QCOM's bottom line. Yes, Korean connection may hurt a little bit on QCOM's bottom line. However, the company had a 2.5 billion backlog and up starting 10/1/97. I do not believe the company will make any less than 3 billion by the end of 9/30/98. You guys are talking about a company can not make a 167 million (after tax effect, $250 million before tax) from $3 billion sales. This is not even counting royality income. You have to bear in mind that this company's ambition is "WE ARE BUILDING THE WIRELESS WORLD". You can not try to build a big company by not investing in equipments, R&D, personnel, etc. You have to compare this company to LU, MOT, NT, ERICY. You do not want to compare it to Tellabs. Tellabs do make a steady income and a lot of money for the shareholders but how about the growth rate. ( A $1.2 - $1.4 billion sale company worthing 8 to 9 billions market value). You guys had a better chance to short it than QCOM. No offense to Tellabs though. Korean revenue is just a small potion of QCOM's total revenue looking ahead. QCOM also got a lot of royality and ASICs sale from LU, NT, MOT in 1996-1997. How large a potion of royality and ASICs are from Korean manufacturers is still a question. Only QCOM's management knows. This company has some much going on; a conservative bean counter (Dan, I am a bean counter too) like me won't even try to "budget" the future of the company. It is growing too fast from all areas. I am pretty conservative from the total revenue sense. See the following link: cmp-pub1.web.cerf.net^3581@ee6b2b2/714 It is on Bill's forum. See post #714. I am not sure you guys know his background or not. His company has owned the 2nd largest instituional holding of QCOM shares in the market since QCOM's IPO. His knowledge of this company is well ahead of anybody except QCOM's management. Good luck to all on your investment. Brian H.