Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 138.87

+1.1%

Feb 9 3:59 PM EST

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To: STAN SEGAL who wrote (292)	12/7/1996 12:39:00 PM
From: Andre Lukas	of 152472

Some excerpts from Bloomberg Business News: Robertson Stephens & co analyst George Robertson reiterated a "buy" rating on the San Diego based company, saying the recent weakness in Qualcomm shares represents a "a buying opoortunity". JP Morgan Securities analyst Greg Geilling initiated coverage of Qualcomm with a "buy" rating. He predicted shares will hit 57 in the next 12 months as company's code-division multiple-access wireless technology grows in popularity among wureless communications companies. Robertson estimates Qualcomm will earn 98 cents a share in fiscal 1997, ending in September. Geiling estimates fiscal 1997 earnings at $ 1.25 ( wow, my own comment ). The company is espected to earn $ 1.15 in fiscal 1997, according to a survey of five analysts by IBES International Inc. Both analysts noted that recent negative news hurt Qualcomm shares. So, again in trading range: buy in high 30, sell in high 40 ? Andre

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