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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 151.59-0.4%Jan 30 9:30 AM EST

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To: Ruffian who wrote (36088)7/20/1999 10:18:00 AM
From: DOUG H  Read Replies (3) of 152472
 
RESEARCH ALERT - Qualcomm EPS view raised
Tuesday, July 20, 1999 09:15 AM Mail this article to a friend

NEW YORK, July 20 (Reuters) - Credit Suisse First Boston analyst Marc Cabi said he raised his earnings-per-share estimates for telecom equipment maker Qualcomm Inc. Tuesday.

-- In a report, he raised his estimate for fiscal 1999 earnings to $2.44 from $1.75. The estimate for fiscal 2000 was boosted to $3.75 from $2.50.

-- Cabi said he was raising the estimates after Qualcomm reported fiscal third-quarter earnings that topped forecasts.

-- He added that restructuring benefits had helped results.

-- Qualcomm closed Monday at 158-11/16.

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