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DD... sorry, but I have to disagree with one of your "too expensive" stocks. That's QCOM. Basically, this stock has gone up so far so fast that people everywhere think this thing is now way overvalued. I beg to differ... I think this still has lots of room to grow. The market still doesn't get the importance of the royalty stream QCOM will be collecting, nor does it understand the importance CDMA will play in the wireless future.

Why do I think it's undervalued? Compare it's market cap to that of Nokia or Ericsson. It's relatively tiny, yet QCOM is poised to become one of the most important companies of the next century (think the next MSFT). And they consistently blow away all earnings estimates.

I missed the boat on this one, waiting in vain for the ascent to stop long enough for me to hop on. Finally gave up waiting a couple of weeks ago and bought at $116. The more I think about it, the more I like this purchase. QCOM is now #2 in my portfolio (second to UNPH) and I'm looking to increase my position. In a few years we'll look back at QCOM's current price and kick ourselves for not buying more.

Another question: why do you say NOK is always worth buying, yet QCOM is too expensive? I think you're underestimating the importance of QCOM's patents. Don't forget, every time Nokia sells a phone, Qualcomm collects royalties... what a business model!

Feel free to shoot me down,
G.
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