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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 137.34

+0.8%

Feb 6 9:30 AM EST

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To: Ramsey Su who started this subject	7/18/2000 10:48:45 AM
From: nbfm	Read Replies (2) of 197633

RESEARCH ALERT-Qualcomm earns growth seen lackluster NEW YORK, July 18 (Reuters) - Merrill Lynch analyst Michael Ching on Tuesday forecast "relatively lackluster" growth in fiscal 2001 revenues for mobile phone technology company Qualcomm Inc. <QCOM.O>. -- kept ratings of near-term neutral, long-term buy. -- "For the June quarter, we are currently forecasting 16 percent pro forma revenue growth to $750 million, and 26 percent pro forma EPS (earnings-per-share) growth" to 27 cents a share. -- blames setbacks in China and Korea for lessened near-term earnings outlook. -- "With possible revisions, we are looking at relatively lackluster EPS growth of 22 percent in fiscal 2001." -- Credit Suisse First Boston analyst Marc Cabi said slowdown in South Korea "should hold back (Qualcomm's) upside from a recovery in chipset sales off the sluggish March quarter." -- He added, "We believe a slowdown in Korea will also limit the company's upside in (the second half of 2000) as the company generates over 20 percent of its revenue from chipset sales and licensing from Korean handset sales." -- " We ... see potential for downward revisions following the quarter." -- Qualcomm reports fiscal third-quarter earnings after markets close on Wednesday. -- Qualcomm shares off 4 at 65-13/16. 10:21 07-18-00 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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