Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 154.53

-0.8%

3:59 PM EST

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To: RoseCampion who wrote (43877)	10/9/1999 8:05:00 AM
From: puborectalis	Read Replies (1) of 152472

Old news.....A.G. Edwards issued a Company Report on August 19, 1999 for QUALCOMM Inc.. On August 19, 1999 A.G. Edwards analyst Greg Teets issued a 16 page Company Report on QUALCOMM Inc. Report highlights: 'The rating was upgraded from Maintain to BUY to reflect fiscal 3Q99, improved outlook and a recent drop in share price. The fiscal 1999 and 2000 EPS estimates were increased from $2.12 to $2.37 and from $2.77 to $3.81, respectively. The company reported fiscal 3Q99 EPS of $0.75 versus estimates of $0.64. The company is expected to generate earnings growth of 35% over the next three years.' SAN DIEGO -- Qualcomm stock shot up nearly 5 percent yesterday after more regulators approved the use of the company's satellite mobile phones for global use. Qualcomm climbed $9.561/4 to close at $204.311/4. The company said its hand-held and fixed telephones, designed for use on the Globalstar L.P. satellite-based communications system, have been approved by the Federal Communications Commission and a British regulatory board.

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