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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.54-1.2%Nov 13 3:59 PM EST

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To: Diana R. Chambers who wrote (12)9/20/1996 5:06:00 PM
From: Craig Schilling   of 152472
 
Yes, I do expect earnings to be negative. The estimates are for .15 and most likely we will see something around -.02 because they choose to stick money into R&D. Michael Murphy in Worth is negative on the stock and has set a price target of $23. He's too low on this and probably had a large short in the stock prior to publishing. It looks like all he did was look at the last strong support and pick that price support target, which happened in the fall of 94. I think QCOM is a very different company today than it was in 94. I haven't heard of anything occuring around the 27th.
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