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

To: JGoren who wrote (31331)	5/31/1999 12:44:00 AM
From: Tlac	Read Replies (1) \| Respond to of 152472

The poster was predicting something like a 700 dollar price in 2004 Actually, that projection was $947/sh in 2004, but in light of the late news from China, I might have to revise my Rev. growth rates! ;-) Kelly

To: JGoren who wrote (31331)	5/31/1999 12:52:00 AM
From: JRH	Read Replies (1) \| Respond to of 152472

According to the chart spreadsheet numbers that I posted here a couple days ago, if earnings grew by 40% per year for the next five years and the stock had a PE multiple of 50 at that time, The stock would trade at $513 per share. However, I like to think conservatively. I am going to say that it grows earnings by 32% each year and give it a conservative PE ratio of 35 (in five years), which leads to a price target of $267. With those numbers being conservative, I would be happy with an expected rate of return of around 15% each year compounded. Again, I emphasize the word *conservative* ;o) If you are interested in seeing the spreadsheet with my numbers (and those of DELL and CSCO as well), follow the link to: poly.penguinpowered.com Ciao, Justin