Qualcomm Inc (QCOM)

[Cooters]

Moonster,

I don't want to dampen that enthusiasm, but I'm trying to stick to a 35-40 Forward PE, a level well supported by QCOM's trading history, absent two brief periods. I think next year will come in at $1.50, followed by $2.00 and $2.50. Hence the targets of $60, $80, and $100. If the PE expands beyond 40, great, but I do not want to count on it. Earnings may come in above my targets, but since those are forward targets, I'm looking more at the NEXT number.

$200 by EOY 2006? I couldn't handle the stress<vbg>

Cooters