Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.80

+0.3%

Dec 5 9:30 AM EST

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From: Jim Mullens	7/24/2006 9:50:43 PM
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After hours market reaction- QCOM vs TXN Qualcomm’s share price began to plummet at 16:02, IMO suggesting whom ever was “pulling the strings” had little, if any, time to read the release before “pulling the trigger”. All they needed to see was Q4 EPS guidance at $0.39- $0.41 vs the consensus of $0.42 (which I believe from one source I saw was increased by a penny in the last week) and it was “off to the races” as nothing else mattered. And to top it off, on Kudlow's CNBC show yesterday their "crack" technology guru had to "repeat the lie" --- "Qualcomm's disappointing report last week". The after market reaction to TXN’s report was exactly the opposite, however a preliminary look at the numbers in their PR suggests they just met guidance and with the mid-point of Q3 revenue actually slightly under guidance. It should be noted that an update to FY guidance was not provided, nor did a quick look at the CC link contain any presentation charts. I have not listened to the CC as yet. QUALCOMM Texas Instruments ==================== ========================= Act/guide Cons b/(w)% Act/guide Cons b/(w)% EPS Q2 act $0.42 $0.41 2.4% $0.47 $0.47 0 Q3 est $0.40 $0.42 (5.0%) $0.45 $0.45 0 Range $0.39-$0.41 $0.42-$0.48 FY est $1.61-$1.63 $1.63 update not provided Within range . Q3 Up 50% Yoy Up 34% YoY Up 2% Seq Up 42% seq . REVENUE . Q2 act $1.95B $1.94B 0.5% $3.70B $3.68B 0.05% Q3 est $1.93B $1.98B(2.6%) $3.79B $3.83B (1.10%) range $1.83- $1.93 w/i cons $3.63- $3.95 w/i cons Q3 Up 44% Yoy Up 24% YoY- Incl $70M royalty settlement Up 6% seq Up 11% sequentially . FY est $7.4-$7.5B $7.48B Update Not Provided Within cons range Other Metrics . EPS-Fy05-06 $1.15-$1.62 Up 40% $1.40 - $1.68 Up 20% . CDMA + WCDMA Handset Sales . .CY05-06 210M- 290M Up 38% . MSM shipments .FY05 -06 151M- 206M Up 36% . CC Briefing Charts- Extensive briefing charts Nada for TXN . After hours Share Price QCOM DOWN 11% at one time TXN up UP 4%

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