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

To: Morgan Drake who wrote (25703)	3/31/1999 9:39:00 PM
From: radames	Read Replies (5) \| Respond to of 152472

been following this stock for four years and bought in at 31$made a mint this week and now going to make another mint shorting,, this price is way too high for this company and there are too many shares outstanding for this to be trading like a ".com".i have followed this stock spike but this is ridiculous,,,,i see a reasonable price range of 85-105 the price it was before the recent ridiculous surge..no reason for a 61%surge in one month the ericson settllement is not that important...great company but not 130$great..

To: Morgan Drake who wrote (25703)	3/31/1999 9:44:00 PM
From: marginmike	Read Replies (4) \| Respond to of 152472

Me and my fellow Qcom shareholder(my insurence broker who I converted to Q)came up with a good analogy. There are just as many people in the world who will eventially own a CDMA(WCDMA,IS95,CDMA2000) phone as there will be people on the internet. If anything every computer will have a CDMA modem,every person a PDQ handheld. The only competing mode will be by cable. Obviously this is only able to catch so much of the market. If the Q got only a 10-40 dollar royalty on every person They would have a growth potential that makes AOL and Yahoo look like snail's. Yahoo and Aol have to share market share with many other companies from many countries and will maybee have 10% or so of the overall market. Qcom will have income in some form from 100% of the entire world phone users. The last time I checked AOL was at 550 PE. I say that makes Qcom dirt cheap. Hey even compared to the likes of Csco it 1/2 the price!

To: Morgan Drake who wrote (25703)	3/31/1999 10:17:00 PM
From: John Stichnoth	Respond to of 152472

ALL: Here's a link to the Gilder "Telecosm" articles, as they were excerpted by Forbes, in case anyone wants to read ancient texts. (I just re-read parts. They were why I originally looked at the Q, and are still good reading). Thank you Mr. Gilder! forbes.com Best, JS

To: Morgan Drake who wrote (25703)	3/31/1999 11:13:00 PM
From: John Dough	Respond to of 152472

Morgan, you said, This is a 75-90 PE company. Realistically, the Q's average annual earnings growth for the past five years has been 53%. Therefore, assuming a forward-looking PE of 53 (equal to the earnings growth rate), and a conservative FY 2000 earnings estimate of $4.00/share, this gives us a price of $212/share. However, I believe that the future earnings growth will easily exceed 53%. In my opinion, very few, if any, stocks deserve PE's higher than their projected growth rate, unless it's a turnaround situation, in which case the growth rate is difficult to determine and past earnings are negative or not meaningful. Mark