Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 137.34

+0.8%

Feb 6 9:30 AM EST

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To: Cooters who wrote (101105)	7/3/2001 11:42:46 AM
From: CRay33	of 152472

Ching at ML comments: - We have argued that Nokia was in no rush to sign this agreement until it would be necessary to support WCDMA deployment. We believe that this agreement suggests that the worlds's largest cellular handset manufacturer sees WCDMA as imminent. -This agreement should also have a positive contribution to near term licenses fees and to longer term royalty payments. We are establishing a fiscal 2002 EPS estimate of $1.35. We expect this stock to trade at 50-times our calendar 2002 EPS estimate, giving us a target of $73. (QCOM has historically traded at 1.4x its growth rate which gives us a 50x multiple)

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