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

To: dougjn who wrote (11031)6/2/1998 1:28:00 AM
From: Diane  Read Replies (1) | Respond to of 152472
 
Page 283 of 6/15 Forbes reports on the views of Rao Chalasani, chief
investment strategist at Everen Securities as follows:
"Chalasani also thinks technology companies look too expensive. One exception: Qualcomm (QCOM, $53.50). Qualcomm is down 23% from its 52 week high. The stock sells for 24 times l999 estimated earnings, but Chalasani predicts a 40% growth rate for the company over the next five years."


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