Qualcomm Incorporated (QCOM) 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 Incorporated (QCOM)

QCOM 154.13

-3.3%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jon Koplik who wrote (106019)	10/4/2001 9:04:40 PM
From: Robin Plunder	Read Replies (1) of 152472

Jon, last spring we had a similar drop in QCOM which seemed hard to explain. After a while, it became apparent that we had an earnings deceleration, due to slower chip set sales, and earnings estimates were cut from 1.30 to 1.00 for this year. I hope we don't have another earnings deceleration, but it sure feels like it. Last spring we also had realization that wCDMA would be delayed significantly, and the revenues to QCOM would also be delayed. Perhaps the Nxtl news is bringing home a similar realization: that, around the world, capital spending for wireless will be constrained, and this will lead to slower growth for QCOM. If China experiences slow growth, for example, due to a retrenchment of the US consumer, it seems likely that capital projects in China will be delayed. It is really hard to imagine that chip sales will stagnate at this point....but maybe they are. Robin

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next