Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 161.39

-1.9%

Jan 15 3:59 PM EST

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To: Ruffian who wrote (40673)	9/13/1999 3:47:00 PM
From: 16yearcycle	Read Replies (1) of 152472

Yes. General Instrument is DOWN, not up. Yes, MOT is down, as it should be since they are the party buying. But why is INSTRUMENT down if this is not bs? I know, it is probably a stock deal and that is why, but it is still unusual. I suspect there is some concern about weak sales across the board. Look at this. Maybe the numbers are too weak and it is hurting Q also.: Monday September 13 1:44 PM ET Motorola Reiterates Earnings Outlook BOSTON (Reuters) - Telecommunications and semiconductor company Motorola Inc. (NYSE:MOT - news) continues to expect it can reach earnings of $2.00 per share in 1999, its president said Monday. Speaking at an SG Cowen conference, Motorola President and Chief Operating Officer Robert Growney essentially repeated earnings guidance that the company had issued during a conference call with investors in July. Growney said the company was sticking with its profit from operations guidance of 51 cents a share for the third quarter and still expects it can achieve $2 a share for the full year on an operating basis. Those figures are roughly in line with analysts' estimates. According to First Call/Thompson Financial, analysts expect Motorola to earn 53 cents a share in the third quarter and $2.04 for the year. Both figures have crept up slightly since July. Both figures are also well ahead of Motorola's results a year ago, when it earned seven cents a share on an operating basis for the third quarter and full-year operating profits before restructuring charges of 58 cents a share. As far as next year, Growney said Motorola also stands by earlier comments, saying, ''We still believe $3 (per share) for 2000 is achievable.'' --------------------------------------------------------------------------------

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