The New Qualcomm - a S&P500 company Message Board

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

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: Ramsey Su who wrote ()	6/28/2000 3:01:00 PM
From: nbfm	of 13582

RESEARCH ALERT-ABN AMRO lowers Qualcomm EPS estimate CHICAGO, June 28 (Reuters) - ABN AMRO said Wednesday it lowered its estimate for wireless technology developer Qualcomm Inc.'s <QCOM.O> fourth-quarter earnings to 28 cents a share from 31 cents, citing an expected slowdown in chipset sales. --ABN AMRO analyst Kenneth Leon said the EPS forecast was cut after Qualcomm announced it expected lower chipset sales in the fourth quarter due to a slowdown in South Korea handset sales. --Said South Korean operators were banned from subsidizing handsets effective June 1. ABN AMRO expects unit chipset sales in South Korea in the quarter ending in September to be 1-2 million less than in the prior quarter. --ABN AMRO is maintaining a hold rating on Qualcomm stock. 13:51 06-28-00 Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.

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