Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.83

-2.8%

9:30 AM EST

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To: waverider who wrote (92697)	1/26/2001 1:39:56 PM
From: HighProb	Read Replies (1) of 152472

Some people were betting on near term prospects. :) From TSCM: While people making bullish wagers on Ericsson were depressed, those who made similar bets this week on Qualcomm (QCOM:Nasdaq - news) ahead of its earnings report Thursday were grinning Friday. Investors were pleased that the wireless communications company beat Wall Street's earnings expectation, even though its sales were lower than anticipated. But perhaps more importantly, the company noted that it was comfortable with analysts' estimates for the current quarter and year. Shares of San Diego-based Qualcomm surged $4.75, or 6.4% to $78.69 Friday. Earlier this week, some market participants said that there was a considerable amount of call buying in Qualcomm options. Among the options traders hungered for were the March 100 calls and the February 75 calls. Friday morning the March 100 calls were trading up 3/8 ($37.50) to 2 1/8 ($212.50) on the Pacific Exchange, while the February 75 calls were up 1 7/8 ($187.50) to 7 3/8 ($737.50), also on the P-Coast.

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