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

To: Valueman who wrote (27917)	4/21/1999 1:19:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

From Briefing> QUALCOMM (QCOM 180 3/4 +40 1/8), in hopes that the stock would fill-the-gap back to $80 a share. But with report last night of blow-out earnings and announcement of a 2-for-1 stock split, shorts didn't stand a chance. QCOM's current short-interest ratio is 4.4 days, more than 4 times greater than the S/I of Dell Computer (DELL), which recently saw a 13.5 million increase in the number of shares sold short..

To: Valueman who wrote (27917)	4/21/1999 1:24:00 PM
From: METMAN	Read Replies (1) \| Respond to of 152472

Valueman, wouldn't we expect to see a P/E of 45 to 60 moving forward; with that in mind, I've told my relatives that $240 to $300 might be more realistic (with good market conditions - next year) for a target price by 12/2000. Also, I was basing this on $4.80 for the year. So at 6.00, this would push it out to $360 pre-split, or $180 post split, roughly 2x where we are today. I'm not into counting "chickens b4 hatching", but it's nice to see a little down the road. Definitely, a keeper here!! I would rather see, an orderly increase in value, based on solid earnings growth, than "internut type speculation". So waiting out even betters days ahead would be fine with me. Knowing the potential, though, should help hold the stock up for quite some time. Thanks for sharing your findings, -metman