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

QCOM 182.19

+3.5%

Dec 10 3:59 PM EST

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To: foundation who wrote (7677)	2/23/2001 8:41:14 AM
From: John Carragher	Read Replies (1) of 196901

Is this why we are down again? Motorola (MOT:NYSE - news) issued a brief statement Friday morning with a simple, clear warning: It would miss its previous top- and bottom-line projections for the first quarter, and possibly incur an operating loss. Shares of the company fell to $15.75 in pre-open Instinet trading, down from a Thursday closing price of $17.29 on the New York Stock Exchange. Citing the "sharp economic slowdown" in the U.S. as well as "inventory corrections taking place broadly in technology markets worldwide," the electronic equipment and component maker said it does not expect to hit its first-quarter revenue estimate of $8.8 billion and first-quarter earnings estimate of 12 cents a share, given on Jan. 11. The estimates were in line with consensus figures tabulated by First Call/Thomson Financial.

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