Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 181.30

-0.5%

Dec 11 3:59 PM EST

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To: Craig Schilling who started this subject	1/10/2001 12:49:14 PM
From: foundation	Read Replies (3) of 152472

Wit analyst downgrades QCOM --12:27 pm - By Tomi Kilgore Qualcomm (QCOM: news, msgs) is trading $3.75, or 5.1 percent lower, at $69.50. Analyst Matthew Hoffman at Wit SoundView lowered his rating on the stock to a "hold" rating from a "buy," and lowered his price target to $75. He also trimmed his fiscal 2001 and 2002 revenue estimates to $2.645 billion and $3.215 billion, respectively, from $2.842 billion and $3.434 billion. Hoffman attributed his moves to increasing pessimism over the development of handset markets over the next few quarters. www2.marketwatch.com

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