Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.67

+1.6%

3:59 PM EST

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To: JGoren who wrote (101960)	7/23/2001 3:30:53 PM
From: cfoe	Read Replies (1) of 152472

If anyone wondered about the weakness in QCOM stock price today, this may be reason. Just heard on CNBC that our friends at Chase H&Q are at it again, with their preview of QCOM's earnings. Said that while they will make the number for Q3, they will need to guide down for rest of year (Q4-01 and Q1-02). Reason is that CDMA unit sales for 2001 will need to be revised downward again - from 80 million to maybe as low as 55 million. This is 30% below company's current guidance. Gave no details as to why they think worldwide sales could be off by as much as 25 million units, but then Snyder and crew wouldn't, would they. It is interesting to note that they did not come out with this last week, prior to options expiration, as they have in the past. Maybe someone's complaints about the timing of previous comments led to a delay in this announcement until today.

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