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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 155.82-1.3%Jan 23 9:30 AM EST
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To: Candle stick who wrote (8072)2/6/1998 4:26:00 PM
From: dougjn  Read Replies (1) of 152472
 
You could possibly be right about 50% decline, but off of the 52 week high (~70), not the recent high (~56). The previous decline was over Korean fears. The one today over the first actual impact reports.

Agree that Qcom has quite a bit further down to go. Part of the current problem is that Q was not completely transparent (for what they probably legitimately claimed were competitive reasons) re: the contribution of Asic profits to their bottom line. It appears that overall Asic sales were responsible for more than 3/4 of net profits in the last few quarters. And Korea accounts for nearly half of Asic sales.

(Profits in Omnitracs, CDMA royalties, Asic sales, big losses in infrastructure, some losses or break even in handset sales (with the hoped for margins in higher cost phones being pushed out by the conference call). And then of course overhead, esp. big R&D, to support by all.

Doug
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