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


To: JGoren who wrote (21809)1/22/1999 9:05:00 AM
From: Jon Koplik  Read Replies (1) | Respond to of 152472
 
O.T. - Now I know why "the great" IBM has a PE of 32 (or ... did on yesterday's close).

Because ... they are growing at about 4% !

Another one of those "great" "growth" companies !

According to this morning's WSJ, year over year : revenues up 4%, earnings up 3.4%.

(Personally, I was brought up to price equities like this as if they were bonds (or, worse -- because of the risk that their "franchise" will deteriorate)).

Jon.