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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.96+1.4%3:59 PM EST

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To: engineer who wrote (73958)6/15/2000 12:56:00 PM
From: CRay33  Read Replies (3) of 152472
 
Snyder's target for QCOM was 110 in January when his 2000 eps estimate was $.97.

Now, his target is 50, while his 2000 number is $1.07!!

Earnings estimate from January to now go up .10, yet his target is less than half?!

What smells here? H&Q is losing credibility fast.

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Chase H&Q issued a Daily Notes Report on January 26, 2000 for QUALCOMM Inc..
On January 26, 2000 Chase H&Q analyst Ed Snyder issued a 6 page Daily Notes Report on QUALCOMM Inc. Report highlights: 'The fiscal 2000 EPS estimate was lowered to $0.96 from $0.97 to reflect weak demand. The company reported 1Q00 EPS of $0.25. A MARKET PERFORM rating was reiterated with a price target of $110.'
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