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

To: quidditch who wrote (26157)	4/5/1999 5:55:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Good Analogy From Q Yahoo> Better do some DD before you short this freight train. Major accumulation again today. I expect more of the same tomorrow. The market for CDMA wireless is exploding. QCOM = CDMA. Even conservative estimates put the growth of QCOM at over 50%. This company is going to make AT LEAST $4.40/share in 2000 (IMHO, this is a very conservative estimate). Even if you give it a very conservative multiple of 50, you have a $220 stock. At 60x, you have a $264 stock. At 70x, which IMHO is justified, you have a $308 stock. What if analysts revise their estimates following April 20th earnings release, as I expect they will, above $4.40/share for 2000? The institutions know all of the above, hence, the massive accumulation. If you haven't already done so, you better buy in now and go long.