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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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Dec 26 9:30 AM EST

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To: kech who wrote (24024)	6/21/2002 8:07:42 AM
From: Ibexx	Read Replies (1) of 197036

Qualcomm says to meet or beat earnings guidance SAN DIEGO, Calif., June 21 (Reuters) - Wireless technology company Qualcomm Inc. (NasdaqNM:QCOM - News) said on Friday it expects to meet or exceed its earlier earnings expectations for the current quarter due to increasing demand for its products. Previously, San Diego, California-based Qualcomm said it expected earnings for the fiscal third quarter ending June 30 of 21 cents to 23 cents per share, excluding its Qualcomm Strategic Initiatives business. Qualcomm also said it expects to meet or beat the high end of its previous guidance for 15 million to 16 million phone chip shipments in the quarter. The company said it is seeing strong orders for its fourth fiscal quarter, ending Sept. 29. Shares closed at $26.33 in Thursday Nasdaq trading.

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