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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 3:59 PM EST

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To: slacker711 who wrote (125114)11/7/2002 4:52:13 PM
From: qveauriche  Read Replies (1) of 152472
 
Don't want to rain on the parade, but elsewhere QCOM is projecting 2003 pro forma at 1.15 to 1.20.

<Fiscal 2003
-- Based on the current business outlook, we expect pro forma revenue
growth for fiscal 2003 to be approximately 19-23 percent and pro forma
earnings per share to be approximately $1.15-$1.20. This estimate is
based on the sale of 100-105 million CDMA phones in calendar 2003 with
approximately 10 percent decrease in average selling prices of CDMA
phones, upon which royalties are calculated.>

Now if we do the low end estimate for next quarter of 35 cents, we'd earn 1.40 with no more growth for the rest of the fiscal year. If Q earns at the high end of its 03 estimate of 1.20 that leaves only 85 cents to be spread over 3 quarters, or 28 cents a quarter.

Major slowdown beginning in 2q 03?
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