The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 175.07

+2.6%

3:59 PM EST

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To: Ruffian who wrote (6668)	2/19/2000 7:25:00 PM
From: Keith Feral	Read Replies (2) of 13582

Summary of Prudential's comments from Reuters. I liked his comments about near term catalysts for the stock including licensing opportunities in China and reallocation of spectrum in Europe. 2/18/00 - RESEARCH ALERT - Qualcomm raised NEW YORK, Feb 18 (Reuters) - Prudential Securities said analyst Pete Peterson raised his rating on Qualcomm Inc. (QCOM.O) to strong buy from accumulate, following the company's upbeat analyst meeting. -- said raised the 2000 earnings forecast to $1.11 a share from $1.02 a share, and raised the 2001 earnings forecasat to $1.63 a share from $1.35 a share. -- said Qualcomm's opportunity in China could be large. -- said the sale of the handset business should place gross margins above 60 percent for the long-term and keep operating margins in the low- to mid-40 percent range. -- said believes wireless industry has entered an era in which new applications and systems integration will be more important than just pure connectivity. -- said several catalysts could help the stock, such as the announcement of Chinese license contracts, progress on the reallocation of spectrum in Europe from an analog network to a CDMA (code division multiple access) network. -- shares of Qualcomm gained five to 135 in morning trading on Nasdaq. REUTERS Rtr 09:49 02-18-00

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