Qualcomm Inc (QCOM)

[qcomillions]

I am a bit more optomistic...

2004: we finish at $55. A little more than a doubling from the beginning of the year. As WCDMA is only a small part of the earnings equation at present, but likely to be substanially higher in 2005...

2005: finish $82.50. Very conservative estimate of a 50% increase over 2004 closing price. If QCOM's growth is truly exponential, another doubling for 2005 is possible. Please consider these numbers split adjusted with splits in the $70/share range.

2006: finish $125. This value represents 50% growth over the 2005 finish. Again, I see this as a VERY CONSERVATIVE estimate. Capitulation by Nokia coupled with global conversion to W-CDMA could result in 2006 doubling in stock price over 2005.

So, if you want to dream LARGE...
2004: $55
2005: $110
2006: $220
As wild as those numbers are, I don't think they are unreasonable at all! ...and, just for grins and giggles, remember the famous $1000/share prediction in 1999? Well, considering the 4:1 and 2:1 splits, when QCOM reaches $125/share, we'll be at that "laughable" figure! From where we are right now, that number doesn't seem ridiculous at all! ...more like when, rather than if!

Let's hope...