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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 156.34+1.4%3:59 PM EST
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To: Jon Koplik who wrote (134988)7/25/2004 4:49:35 AM
From: Elroy  Read Replies (1) of 152472
 
Wall street EPS forecasts for QCOM make little sense.

In '02 December EPS rose 35% from September (31 cents to 42 cents).

In '03 December EPS rose 76% from September (29 cents to 51 cents).

And now in '04, analysts are forecasting a sequential rise in December of........9%?!? 55 cents in September only increases to 60 cents in December?

Also, didn't QCOM say on their conference call that they expect operating expenses to be flat in September with June levels? That says to me they are at about the staffing level they require, and leverage in EPS should begin to reaccelerate.

Elroy
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