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

QCOM 151.59

-0.4%

Jan 30 9:30 AM EST

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To: gdichaz who wrote (8926)	3/22/2001 3:46:11 PM
From: Art Bechhoefer	of 197444

One thing that responsible company officials do is to understate potential earnings, particularly when it depends on expected (but not finalized) sales to China. As long as there is no contract in hand to supply x number of chips and other material to Chinese companies, a company official would likely incur some legal action of actual earnings fell below an optimistic prediction. I think Sulpezio did the right thing in making an estimate that probably understates the most likely scenario, if in fact he made any estimate whatsoever. Consider the unknowns. Hopefully some chips and other stuff will be shipped this summer. But if not until fall, then the revenues and earnings don't show up for this fiscal year, which ends on September 30. Investment firms can put whatever spin they like on these statements. The fact remains that QCOM has designed and built the right products, and eventually the customers will appear because any other choice is more expensive. It's just a matter of time. Art

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