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

To: FedWatcher who wrote (29464)	5/8/1999 2:13:00 AM
From: Mike Buckley	Read Replies (1) \| Respond to of 152472

EinC1, Nobody could have predicted that the current P/E would leave our Galaxy and start approaching the edge of the Universe where all the Amazons and alike reside. The PE hasn't changed nearly as much as your comment suggests if we use an earnings run-rate of $4.80. I respect your right to a different view, but comparing the Q's PE to Amazon.com doesn't make any sense to me considering that Amazon.com and many of the Internet stocks have no earnings. But if you expect from him to predict exactly the degree of market enthusiasm or disappointment for any particular deal, then you attribute to him some supernatural qualities. I really do believe that if you read my post again there was no reason to infer anything of the kind. --Mike Buckley

To: FedWatcher who wrote (29464)	5/8/1999 3:53:00 AM
From: LindyBill	Read Replies (4) \| Respond to of 152472

Hey Ericy, a couple of points in response to your post: I am sure the company is going to do what is has to do to keep the division they just sold in good enough shape for Ericy to take it. The grumbling among the employees of this division will be more than in most sales, but, that's life. Having said that, you should know that many of the key people in that division were doing one hell of a job, under adverse conditions, and were well aware of the losses, and wanted out. The company was refusing to transfer people out of the Division, and the people were told that, under no circumstances would the division be sold, or would their position in the company be jeopardized by their staying with that division. Many of these people were transferred, or hired, to this division on the basis that it was a challenge that would be harder to accomplish than working in the other divisions, but that they would be well rewarded for their efforts. I think it is unfair to characterize them as people who were not contributing to the profitability of the company, when management, knew, going in, that this division was a start up. Now, they are nailed. They cannot be hired back by Qualcomm, They have to work for a company that many of them hate They have lost their options. Other divisions that were spun off were able to keep their options. As I have said in a previous post, Qualcomm's history is that it treats its employee's royally. I am sure they will work it out. I think I started this subject up on this thread when I brought it up as a possible problem 30 days ago. I hope we do not continue to beat it to death on this thread.