Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.67

+1.6%

3:59 PM EST

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To: Boplicity who wrote (62493)	1/16/2000 3:02:00 PM
From: slacker711	Read Replies (1) of 152472

Do you feel, based on what you are currently seeing in the in the wireless sector, that QCOM can live on earnings along for the remainder of this year? I'm not asking if you will sell. I just wondering about the justification of the price at the current level based on the current climate in the wireless sector. I cant tell you if the stock is fully priced or not (PE's over 75 or so give me nose bleeds).....but I think that the direction of Qualcomm will be determined over the next four weeks or so. 1) The most obvious...earnings. We will get a new look at the company after the sale of the handset division. Also a general observation on the BTB ratio on ASIC's will be key. 2) The Unicom rollout....Everything I have read has indicated that Unicom will hand out contracts by the end of Jan. This would provide a pretty big upside to current estimates for 2000 but even more importantly for 2001. If Unicom doenst make somekind of an announcement then CDMA rollout in China is back in limbo. 3) I cant remember the name of the show....but there is a Wireless trade-show that takes place during the first two weeks of Feb. The handset manufacturers will give their first peeks at the phones they plan to release during the next year. Also Qualcomm will most likely announce the shipment of the MSM3100. If Nokia or MOT were going to switch to using Q's chips during this year the announcement would probably come at this show (doubtful). Also there will probably be a couple of alliances/JV's that could be announced. These are the things that I am basically looking for....much of the next year we will be waiting for the results of the announcements that come out in the next couple of weeks. JMO.... Slacker

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