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

To: Ruffian who wrote (20892)	1/6/1999 5:05:00 PM
From: Jon Coert	Read Replies (3) \| Respond to of 152472

I've got a question for you all - Do you all believe the earnings estimates for Qualcomm? A forward P/E of 17 is pretty darn attractive for a stock with the growth potential of QCOM. I bought some today because: - Market is hot - Telecom stocks are hotter - Q undervalued based on fundamentals - Technically, Q broke above its 200 day ma and a downward trendline two days ago on good volume, and also has a multi-year base that I think it is pulling out of - Today's investor likes companies he knows - Today's institutions like large companies, Q market cap is 4B - Large short interest of 8M - Plenty of analysts with Hold and Weak Buy ratings, giving lots of room for upgrades - Study released recently showing QCOM phones selling well What's not to like? --Jon P.S. I've updated the chart comparing QCOM, NOKA, ERICY, and MOT on my site and posted a Q&A by Tero - debry.com.