Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 151.59

-0.4%

Jan 30 3:59 PM EST

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To: marginmike who wrote (36008)	7/19/1999 11:56:00 PM
From: Randall Knight	Read Replies (4) of 152472

Just listened to the Q&A from the CC. Here's my take: All of the guidance by management was conservative but to the upside using $.86 as a basis. Handset margins are improving. ASIC sales are increasing. Royalties should increase at the same rate as they did from 2nd quarter to this quarter. I don't see how anyone could come up with an earnings figure for fiscal 00 of less than $5.00/share. I would be shocked to see earnings for the fourth quarter of this year be below $1.00/share. The analysts' estimates are way too low. No one understands how fast this market is growing. That's why there are vendor shortages. The vendors didn't believe that demand would be so high. The analysts have underestimated the growth and it sounds like some people here can't believe the growth rates. This is the real thing. Do the math on $5.00/share for fiscal 00 with a PE of 60. Here's the kicker: realistically speaking, both of those numbers could be too low. (Just trying to balance out MM's concerns)

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