Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 137.34

+0.8%

Feb 6 9:30 AM EST

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To: Boplicity who wrote (35999)	7/19/1999 11:23:00 PM
From: Ruffian	Read Replies (1) of 152472

Like I said, Its setting in> Volpe Brown Whelan analyst Pete Peterson said he expects to see analysts revise their Qualcomm estimates for 2000 upward to a consensus of about $3.20 in earnings per share because of the company's upside third-quarter results. That would be a 15% increase compared with the First Call consensus of $2.79. Peterson said there might be some selling pressure on the stock for part of the day Tuesday, citing the component shortages. But he expects significant revisions upward in analysts' estimates, and "the stock should continue on its upward path," he said. While CDMA phones account for about 45% of Qualcomm's business, Peterson said he doesn't expect the component shortages for its phones to have much of an impact on Qualcomm. The company has indicated that it will be able to meet its goal of producing 1 million phones a month by the end of the year, up from 850,000 phones a month now, Peterson said. That's partly because the increase in units is relatively small for the component suppliers, he said. Peterson said CDMA phone units are growing at a compounded annual growth rate of 60%, and he is estimating Qualcomm earnings-per-share growth of more than 50% a year into 2000. -By Tom Locke; 303-293-9294

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