Qualcomm Moderated Thread - please read rules before posting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

QCOM 174.18

+1.1%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: slacker711 who wrote (10839)	5/23/2001 12:24:32 PM
From: slacker711	Read Replies (3) of 196987

Witsoundview analysis.... witsoundview.com Wireless Update T O'Neil The results from the Gartner Spring Wireless Conference survey show the positive trends for the industry and Sprint PCS in general. We now have two surveys from conferences and therefore are able to begin trend analysis. The first survey was taken in October 2000 at Gartner's Symposium and the second was taken at Gartner's Wireless Conference at the end of March 2001. The highlights include the following: 1Q wireless trends remain positive - 6 million subscriber additions, EBITDA margins improved, cost per gross add improved, churn remained stable, and revenue and subscriber growth exceeded 30%. We expect trends to continue based on survey results and actions of certain carriers. Coverage is the most important factor in choosing and staying with a carrier. Carriers will continue to spend on building-in and building-out networks. Overall satisfaction levels are trending higher which should result in lower churn rates. Sprint PCS gained the largest market share from our survey in November 2000 to March 2001. We expect this trend to continue as both Gartner and Dataquest become increasingly more positive on Sprint PCS. QUALCOMM (QCOM) Price: $69.00 Buy F01E: $1.03 F02E: $1.35 M Hoffman We are upgrading our rating on QUALCOMM from hold to buy, to reflect our conviction that the greatest near-term risk, above normal pricing declines due to high handset inventory, has subsided. Our new $80 price target (up from $65) is based on the higher multiple we are now willing to pay for the company's chipset business in light of better market fundamentals. These improvements also lead us to believe that, at least directionally, estimate revisions are likely no longer pointed downward. Although we still may not see a quick bounce in QUALCOMM's end markets, our most recent checks show we are finally seeing firmer handset prices in CDMA channels of distribution. This pricing stability removes enough of our caution on the ASP front to allow us to focus again on QUALCOMM's future instead of the rocky present.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next