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

QCOM 170.90

-1.3%

3:59 PM EST

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To: Jacob Snyder who wrote (93162)	7/21/2010 5:37:24 PM
From: Jacob Snyder	1 Recommendation Read Replies (5) of 196546

3Q10: Not bad results. Met or slightly exceeded expectations, nudged up guidance. Not spectacular results (like AAPL, INTC, ASML, a list of other semis and semi-equips), but should be good enough to keep the stock above 36$. Unless I'm missing something, no ugly surprises. Spent 1.18B$ on share buybacks, 32.4M at $36.42 average price. Share count 1642M now, was 1678M at the end of last quarter. So, share count is (I'm pleasantly surprised) going down. 2010 GAAP EPS guidance midpoint upped a bit to $1.84 average devise ASP: 2008 219$ 2009 205$ 2010 186$ est. # of devises sold has to climb faster than ASPs are going down, for revenues to go the right way. No 2011 guidance.

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