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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: UnBelievable who wrote (87188)3/28/2001 7:20:20 PM
From: BRANDYBGOOD   of 436258
 
To:Tom Hua who wrote (13718)
From: Rob Schmidt
Wednesday, Mar 28, 2001 4:58 PM
Respond to of 13736

QUALCOMM (QCOM) 54 13/16 -5 1/16: CIBC World Markets cutting estimates after the bell: FY01 from $1.26 to $1.20 and revenues from
$3.0 bln to $2.9 bln; FY02 from $1.73 to $1.57 and revenues from $4.3 bln to $3.9 bln (consensus EPS for FY01 is $1.26, FY02 is $1.65). As the
technology recession continues, license revenues could be more difficult; also skeptical of 90 mln CDMA unit estimate the company is endorsing.
Remains rated a STRONG BUY with a $110 18-24 month target
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