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

To: Tlac who wrote (31314)	5/30/1999 5:48:00 PM
From: bwtidal	Read Replies (2) \| Respond to of 152472

I'm optimistic too, but why would P/E multiple go UP while EPS growth % goes DOWN?

To: Tlac who wrote (31314)	5/30/1999 7:31:00 PM
From: JGoren	Read Replies (1) \| Respond to of 152472

I like your exuberance, but it is irrational. The PE ratio will drop, not increase. In addition, while the Intel model may be appropriate, Qualcomm will face competition from other chipmakers, which Intel did not face. $200 per share in a year, with 30% increases from there through 2004 ($425) is more in line with realistic expectations.

To: Tlac who wrote (31314)	5/31/1999 12:14:00 AM
From: Uncle Frank	Respond to of 152472

Thanks for the numbers behind the 10 bagger, Kelly. It actually looks do-able in terms of revenue and eps growth. Scary, isn't it? FranQ