Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 181.84

+0.9%

3:59 PM EST

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To: Boplicity who wrote (73993)	6/15/2000 4:57:00 PM
From: JohnG	Read Replies (3) of 152472

Gregory, If we are to believe Mark Roberts, QCOM management urged him to stand by his $0.33 earnings projection for the quarter ending 6/30/2000. This compares to the consensus figure of $0.27/share. Roberts figure has some credibility with me because of the QCOM announcement some weeks ago that they had just shipped their 100 millionth ASIC. At the time we combined this number with other official Q data to estimate that 16 to 17 million ASIC's would ship for the quarter ending 6/30/2000. This compares favorably to the record 14+ million shipped for the quarter ending 12/31/99 and the apx 11 Million shipped for the quarter ending 3/31/2000. A run up prior to the 7/19/2000 earnings release date would be normal. However with the recent collapse fom apx $80 back to $61 I really wonder if the run up will get beyond the $70 to $80 range. News of a BLOWOUT $0.33 earnings per share with the price in the $75 range could cause a spectaculae jump in the stock price based on a possible $1.60/share year 2001 earnings. It's hard to see what new "bad news" could come out as a spoiler. Thus, QCOM merely needs to execute, keep their head down and shoot straight. I am optimistic goung forhard. I do think you are right that some of the shell shocked recent QCOM investors that bought in at $150 down to $70 will be looking for an exit. And they will be serve as a break on some exuberant huge upswing. So far, I have completely underestinated the amount of bad news that can be created by China, Snyder, Korea, Reuters, etc. JohnG JohnG

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