Zeev's Turnips Patch-No Politics (ZEEV)

[qwave]

Zeev, On QCOM, are you assuming some percentage rate of growth in sales and profits over the next year to justify a $60 price target? Where would that growth come from? It appears there are some concerns on Wall St. about lack of growth in sales and profits for the next year.

Also, I must have missed where in the last couple days you have changed the plan. Is the 1640 downside target in your plan anymore? I am starting to think your compass is focused on magnetic north. I hate to think you are getting blindsided by the fed speak. I think you’re a little late to the party. The 10'o-clock two is turning into the 2'o-clock ten.

Please don't take my comments personally but I think you are wrong about the state of the economy (GDP growth) and I think we will see that by mid-Nov. Are you a betting man? If so, let me know if you are willing to put your money on the table (for charity of course) on where the market will be by the end of the year?

BTW, I have a lot of virtual respect for your intelligence and opinions.