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

To: Keith Feral who wrote (25438)	3/28/1999 8:55:00 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

I keep asking myself if the stock has gotten ahead of itself. The answer I always come back to is that the Q's earnings are so solid, and their business plan so simple, any long termer would be silly to sell now. We are at around 30-35 nextyears PE. That is before revised EPS. If we up that by 20-30% this stock is still cheap. Do njot forget that the Q had 120PE two years ago way before their prospects were as good as today. I would also argue thAt the stock has as clear a future earnings picture as can be. I would feel safer in the Q then most big Tech. They have much less exposure to misanalysis. IF CDMA grows so do es Qcom. THat is pretty simple!