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To: J.B.C. who wrote (5986)	3/3/2000 8:02:00 PM
From: w molloy	Read Replies (2) of 35685

Why QCOM will miss earnings this QTR p1 SG Cowen analyst Wojtek Uzdelewicz lowered his earnings estimate for fiscal year 2000 by 2 cents a share to $1.03 from $1.05 to reflect the dilution and higher operating expenses from the Snap Track acquisition. See full story. The current consensus estimate on Wall Street for fiscal 2000 is a profit of $1.05 a share. The firm also lowered its royalties projection to reflect seasonally weak wireless handset sales. However, Uzdelewicz maintains his "buy" rating on the stock, noting it's well positioned to to benefit from the growing acceptance of CDMA technology.

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