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

To: Ruffian who wrote (31180)	5/27/1999 3:01:00 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 152472

The only thing that article tells me is that Motorola was desperate enough to drop its prices to get the bid. Even so, QUALCOMM continues to pick up royalties. One doesn't have to work very hard to see why QUALCOMM is a great buy at present prices. Its price-earnings ratio based on this fiscal year estimate is 46, at a time when its earnings are growing about five times that rate. An earlier response noted that the tech wreck may be over. Of course it is. Portfolio managers may tell you what they bought, but not what they're GOING to buy.