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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.25+0.6%Dec 19 9:30 AM EST

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To: kech who wrote (9439)3/27/1998 4:21:00 PM
From: Joseph  Read Replies (1) of 152472
 
High Option Trading Volumes and Rumors of an Earnings Surprise: There is considerable speculation these days that QCOM will make approximately 32c/share this quarter instead of the expected 26c/share, mainly owing to the two US contracts of $240mil and $100mil they won in February. These two contracts more than compensate for the Korean cancellations: besides, the Asian impact has not been as bad as people feared. That is why there has been high volume in QCOM call options in the last two days, and why the stock is inching up.

Joseph
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