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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 172.98

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Jan 2 9:30 AM EST

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To: Ramsey Su who started this subject	11/13/2002 9:20:47 AM
From: qbull	of 197074

Reuters Qualcomm says 03 CDMA handset forecast conservative Wednesday November 13, 9:10 am ET AMSTERDAM, Nov 13 (Reuters) - Qualcomm Inc, the world's largest chip maker for mobile phones, said on Wednesday that its 2003 guidance was based on a conservative estimate of 100 to 105 million CDMA phones sold next year. "I think that (100-105 million CDMA handsets sold in 2003) is conservative, and I think we have good opportunity to exceed that," Chief Financial Officer Bill Keitel told a Qualcomm investor conference in London. Qualcomm, the world's largest producer of mobile phone chips, said last week it expects between 15 percent and 22 percent higher sales in its fiscal first quarter, ending in December, compared with its fourth quarter. It forecast full year fiscal 2003 sales to rise by between 19 and 23 percent. Its 2003 forecast was widely seen as bullish and analysts thought it would be hard to realise.

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