Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

3:59 PM EST

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To: qveauriche who wrote (112459)	2/8/2002 8:40:34 AM
From: foundation	Read Replies (2) of 152472

re: Is anyone else? ========== How about TXN? Upgraded on a projected 2002 PE of 150. 29.54: UBS Warburg upgrades to BUY from Hold due to increased margin assumptions; sees higher operating margins and earnings than previously expected, as firm had underestimated the manufacturing leverage impact on cost-of-sales and mgmt's determination to control operating expenses. Raises 2002 est to $0.21 from $0.16 and 2003 to $0.74 from $0.47; sees downside to $25 but 25% upside to new price target of $37. <g> ========== In light of fundamental and accounting uncertainties, TA has become more fashionable than at any time that I can recall... and with critical mass, it becomes self fulfilling. TA traders have been shorting a self-constructed, self-fulfilling chart pattern on Q since the 60's, when it was most heavily shorted by the hedgies... whispering "valuation" concerns. Q has always been a favorite trading target, and that snowball has rolled down the hill.

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