Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 182.19

+3.5%

Dec 10 3:59 PM EST

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To: Craig Schilling who started this subject	2/22/2001 12:10:06 PM
From: Ruffian	Read Replies (3) of 152472

Thursday, February 22, 2001 BofA's McKechnie on QCOM --11:53 am - By Tomi Kilgore Qualcomm (QCOM: news, msgs) is shedding $4.44, or 6.2 percent, to $66.81. Analyst Mark McKechnie at Banc of America said Wednesday's announcement that Korea's Samsung had chosen Rolling Meadows, Ill.-based PrairieComm's W-CDMA chipsets in Samsung's third-generation handsets is a "potential long-term negative" form Qualcomm. He noted that Samsung is a "top" customer of Qualcomm's and the announcement casts doubt on Qualcomm's dominance of the W-CDMA market. Meanwhile, McKechnie says the PrairieComm selection does not impact Qualcomm in the near-term. He reiterated his "buy" rating and $100 price target.

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