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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.90-1.3%Nov 7 9:30 AM EST
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To: waverider who wrote (73961)6/15/2000 2:37:00 PM
From: y2kate  Read Replies (1) of 152472
 
"What appears to have confused investors was when the CEO of
QCOM said that should GSTRF's business pick up, there could be a $.10 impact to earnings. THE $.10 THE CFO WAS REFERRING TO WAS POSSIBLE EARNINGS UPSIDE AND NOT A POTENTIAL $.10 SHORTFALL (caps added)."

?????Uh, isn't this the entire reason for the downward earnings revision and the resultant sell-off?? And SSB calls it investor confusion based on a simple misunderstanding?? Is this a real report out of SSB? Can't we get some kind of clarification on what the CFO actually said??
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