Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: Craig Schilling who started this subject	1/3/2001 5:08:47 PM
From: Cooters	of 152472

RESEARCH ALERT -Chase H&Q raises Sprint PCS to strong buy --From AOl. Wait til Ed finds out.<g>-- Cooters CHICAGO, Jan 3 (Reuters) - Chase H&Q analyst Thomas Lee on Wednesday said he raised his rating on wireless service provider Sprint PCS Group <PCS.N> to strong buy from buy due to its attractive share price. Lee also established a short-term target price of $28 and maintained his long-term target price of $68. Shares of Sprint PCS rose 8 percent, or $1-7/16, to $19-7/16 on the New York Stock Exchange in late morning trade. Lee said in his note that Sprint PCS' shares were worth $28 a share, 56 percent above Tuesday's closing price of $18, assuming no future growth and the eventual dwindling of its subscriber base to zero. "We believe that the worst case zero growth scenario valuation for Sprint PCS is $28 a share," Lee said. 11:45 01-03-01

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