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

QCOM 174.30

-2.6%

3:37 PM EST

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To: Jeff Vayda who wrote (8595)	3/15/2001 8:31:14 AM
From: The Reaper	Read Replies (1) of 196527

<The world's biggest mobile phone handset maker lowered its first-quarter sales growth expectations to about 20 percent from an earlier estimate of 25 to 35 percent. Nokia also cut its 2001 worldwide handset sales forecast to 450 million-to-500 million, down from its previous estimate in January of 500 million-to-550 million phones. The Finnish firm kept its first quarter earnings per share target of 0.19 ($0.17). The announcement follows recent gloomy predictions from the firm's chief rivals, Sweden's Ericsson and U.S. firm Motorola (MOT: Research, Estimates). Just like its competitors Nokia blamed the slowing U.S. economy for the industry's problems.> Doesn't this seem like its full of contradictions? If the slowing of the U.S. economy is the industry's problem, where the hell are they getting their growth of 20% for the first quarter. They are implying that they are going to take huge market share from its competitors in the first quarter. Also I didn't realize that the GSM market was growing so fast. The numbers don't add up IMO. kirby

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