Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

Nov 14 3:59 PM EST

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To: slacker711 who wrote (33661)	6/30/1999 10:16:00 AM
From: slacker711	Read Replies (2) of 152472

We believe management has set aggressive targets for this unit (including double digit operating margins by first quarter 1999) and consider that the management team is willing to consider a range of strategic options if these tough goals are not met over the next 12 months. Hmmm....They seem to be hinting pretty hard at a sale of the handset division if the performance is not up to par over the next year or so. Lehman may be in a position to know since they acted as the investment bank for the sale of the infrastructure division (which also makes me a little leery of their bullishness....could just be drumming up more business). I assume that they mean to have operating margins to double digits in either the 4th quarter of 1999 or 1st quarter 2000 (since 1Q 99 was a while ago). Anyone know what Nokia has in terms of operating margins in their handset division? Slacker

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