The New Qualcomm - a S&P500 company Message Board

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

QCOM 163.32

+2.3%

Nov 21 3:59 PM EST

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To: quidditch who wrote (11701)	6/6/2000 9:18:00 PM
From: cfoe	Read Replies (1) of 13582

what pro forma guidance is GS referring to and WHEN was this guidance given? Steven - I believe GS is referring to the dilution for the SnapTrac purchase. Q's management did say that the purchase would be dilutive this fiscal year and the amount they gave was 2 cents. So on this point it I do not believe it is part of the FUD. With the news re. 1x chips shipping, front-end loading in Korea due to the subsidy ban and the estimates for 15 million or so chips for the quarter, I do not believe any of the analysts have incorporated the higher than expected chip sales for Q3 into their forecasts; at least not publicly. This is so even though management said on the Q2 CC that Q3 chip sales would exceed Q1 (which as best as I can tell would be the first time a Q3 exceeded a Q1). I think the pro-Q analysts are holding their fire, calmly reiterating their ratings and recommending to their big clients to buy up QCOM at these prices. I cannot see how Q does not exceed estimates in Q3. The question is only by how much IMHO. cfoent

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