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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.59-3.9%Nov 20 3:59 PM EST
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To: John Cuthbertson who wrote (3650)8/20/1997 6:24:00 PM
From: Caxton Rhodes   of 152472
 
Tero's fav, Nokia was downgraded by RS&Co from long-term-attractive to market performer on 8/6 (@$85.19), based on their belief that handset margins have peaked across the industry. Nokia's handset revs are 50-55% off its revenues and that it is trading at the high-end of its historical range relative to the S&P 500 on forward 12 months and forward year estimated earnings.

Caxton
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