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

To: Ramsey Su who wrote (28222)	4/23/1999 10:38:00 PM
From: DanD	Read Replies (1) \| Respond to of 152472

Ramsey I agree with everything that you just said. It was without the double talk of the so called analyst report I was ranting about. It is funny I have been a Q investor for the last 4 years. I have also been a lurker on this board for several years posting very infrequently. I never felt smart enough to add anything. Of course the events of the last few weeks have made me alot more cocky, and I have started to rant abit myself. Dan D

To: Ramsey Su who wrote (28222)	4/23/1999 11:18:00 PM
From: llwk7051@aol.com	Respond to of 152472

I enjoyed your post on pe ratios. Very good analysis. Robert D.

To: Ramsey Su who wrote (28222)	4/23/1999 11:27:00 PM
From: METMAN	Read Replies (2) \| Respond to of 152472

Ramsey...<ot> just started to read Soros' book, too. It is pretty good...did you know he owns quite a bit of GSTRF? - from the latest Annual meeting of shareholders for GSTRF - may 18, 1999. Just for your info.... -metman

To: Ramsey Su who wrote (28222)	4/24/1999 12:19:00 AM
From: JMD	Read Replies (1) \| Respond to of 152472

Ramsey, a little extra sherry or not, that was a very cool post on PE's and growth rates. Thanks. A favor please--if the Soros book turns out to be screamingly great after the 1st chapter, would you post to that effect and I'll add it to the list? Not enuff time so rely on others to provide reviews for the few that deserve to get to the top. Thanks, Mike

To: Ramsey Su who wrote (28222)	4/24/1999 12:46:00 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Ramsey - just wanted to point out one angle of how the seemingly wrong idea you are ranting about may have some validity. (I would suspect this is not understood by proponents of the dumb idea). A company growing at 30% is statistically unlikely to actually grow at 30% for all 5 years (because it is just a difficult thing to manage to keep up for 5 years). Whereas, a company growing at 10 % (still faster than the sales growth rate of "the great" Coca Cola, by the way) would probably be able to keep it up. So, the 30%, 30 PE stock might become a 20%, 20 PE stock around year 3 or 4 or 5, thus tending to "gravitate toward the mean" (return) (or, whatever that expression is ...) Jon.

To: Ramsey Su who wrote (28222)	4/24/1999 12:14:00 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 152472

Ramsey, on PE ratio versus growth a few days ago, posted a message on PE's versus growth... a stock should be considered with much the same pricing dynamics as bonds... lower bond yields increase the principal value of the bond EXPONENTIALLY, not LINEARLY... that is the fallacy of this Radio Klein's formula... the linear rule might hold for a small range of earnings growth rate, but not when it jumps an order of magnitude... he aint no mathematician a stock with a 50-60% growth engine does not earn a PE of 50-60, but EXPONENTIALLY higher PE... perhaps something like 70-80 PE if bonds are not linear, why should stocks be? any mathematical gurus out there? / jim (Ohio Stats)

To: Ramsey Su who wrote (28222)	4/24/1999 1:59:00 PM
From: ribman	Read Replies (1) \| Respond to of 152472

**OTOT*** Try listening to Mike Green in San Diego instead of Jerry Kline (he's now on KSDO 3-5). He's always been very positive on the QCOM story, and got me into it three years ago. He's a tech-oriented broker along with other good long term stories. His shopping list is short but distinguished, including the big winners you mentioned. Thanks to Mike, my portfolio has outperformed any average or analyst you can name. He is with Paine Webber now, but going out on his own soon. He's worth listening to and investing with! PS Not related, just happy with my broker.