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

To: Jon Koplik who wrote (16931)	10/22/1998 9:35:00 AM
From: DaveMG	Read Replies (1) \| Respond to of 152472

Jon, I'm with you 100% on this. At the end of the last quarter I suggested to the LU thread( where btw I don't spend much time) that it might be a concern that rev gwth was anemic, and that bottom line "growth" was unsustainable without said rev gwth, that this renowned bottom line gwth had to be the result of accounting gimmickry. All I got back was "that's what aquisitions are for dummy". Mginn (sp) was on CNBC this morning talking up the stock price claiming they deserved their multiple because they have 20% rev grwth from ongoing operations and 50% bottom line grwth... Well you don't have to be a genius to figure out you can't garner 50% bottom line grwth out of 20% top lime gwth for too long. Anyway, the street'll love it which is probably good for Q. dave