Now all the investors with out IPO shares have a basis for valuation.
QCOM - Like other tech companies, after earnings are reported, all of the sudden we see QCOM trading at a lower range PE level.
Despite the recent quarter's run up, many tech companies are now trading at interesting levels with respect to a trailing multiple perspective. Below 64, QCOM looks really really interesting.
Generally speaking, barring a European catastrophe, from a multiple perspective, the tech stocks that sold-off, are setting up for another run.
I hope Europe has their shit together to prevent a meltdown, like allowing the Euro to systematically decline to facilitate growth for these peripheral economies. At least there is always a wall-of-worry to climb.