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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: straight life who wrote (47537)10/5/2001 2:08:47 PM
From: Bruce Brown  Read Replies (2) of 54805
 
Ah, well. There you have it. Qualcomm sinks to $39 a share on a revised estimates for 2002 EPS (which the company began on October 1) of $1.19/$1.20 instead of $1.23/$1.24 from Piper and SG Cowan as well as rollout concerns. Cowan also lowered 2003 EPS from $1.76 to $1.70.

So, the stock is going through the process of adjusting to the new estimates.

BB
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