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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: chaz who wrote (23434)	4/25/2000 10:01:00 AM
From: Mike Buckley	Read Replies (1) of 54805

Chaz, Multex (here on SI) gives [QCOM estimtates for ]FY2000 of $1.08, which I think we would consider a lo-ball. You give it $1.29, which I think is a shade low, I'm more inclined at $1.40-$1.50. What's your basis for thinking that? The reason I ask is that in the last three quarters the company has been beating estimates only marginally. It's been by 3% to 8% but it's been only by a penny or two. For the company to earn $1.40 - $1.50 this fiscal year it will have to earn about twice as much in the last two quarters as it earned in the first two quarters and it will have to beat current estimates for those quarters by about 55% to 70%. I remember six to twelve months ago I had reason to believe estimates were extraordinarily low and gave my reasons for thinking so. It's been awhile since I've examined them that closely and am hoping you can do my homework for me. :) --Mike Buckley

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