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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.80+0.3%Dec 5 9:30 AM EST

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To: JMD who wrote (9319)3/21/1998 12:38:00 AM
From: synchro  Read Replies (2) of 152472
 
I'm trying to pick you guy's brains on what would happen when QCOM releases its 1st Qtr earnings. I see 3 scenarios:

1) A loss is actually reported. Boom, the stock is taken out and shot, the stock, along w/ my hopes, gap down to the 20s or 30s

2) A significant drop in earnings on higher revenue. Wall Street and SI are relieved that this dreadful and uncertain quarter is finally over, the stock gap up 20 points to 65 w/ a PE of 100. The stock then proceed to move up to 80 right before 2nd qtr reporting in anticipation of brighter days in the *fourth* quarter of 1998 and later 1999.

3) An actual increase in earnings, may even exceed expectations because of new contract revenue from cellular operators overwhelming any negative impact from S. Korea. The price....

Which one is more likely? Is #3 wishful thinking?
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