Telecom & Wireless
Problems With The BusinessWeek Top Tech Growth List: Qualcomm (QCOM)
Published:
Once a year, BuinessWeek publishes it Tech’s Hot Growth Company list with 50 corporations making the cut. Most belong, but a few of the companies aren’t candidates for a list like this.
The list itself is probably generated by computer using stat ranges supplied by the editors.
Qualcomm made the cut although its total return was a negative eighteen percent. It stock was also hammered. On a 52-week high/low of $53.10/$32.75, it recently traded at $36.59. Doesn’t look much like "growth".
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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