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Technology Stocks : Qualcomm
QCOM 151.59-0.4%Jan 30 9:30 AM EST
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To: Philip Reinstein who wrote (4)6/26/1996 6:28:00 AM
From: Michael Allard   of 68
 
IF everyone is waiting for earnings, I think they will be disappointed. Dr. Jacobs implied after their last earnings came out at 2 cents/share that the next two quarters were likely to hav similar results. The street is still expecting 14 cents however. He reiterated this on CNBC last week by saying that their VERY heavy investment in R&D that hurt the previous quarters earnings will continue. The market reacted briefly that day (down 2-1/2 points), but bounced back on the 850 Million in orders.
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