Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: Sawtooth who wrote (16024)	10/5/1998 9:37:00 PM
From: DanZ	Read Replies (1) of 152472

The First Call estimate for MOT was 1 cent with a range of break even to 3 cents. While this is a reduced estimate from several months ago, they still beat the estimate. Based on the stock's reaction to the news, albeit in a thinly traded after hours market, we can assume that the market had discounted worse. The true test will be tomorrow morning when the average investor can place their vote by buying, selling, or holding. Motorola beat the estimate primarily by reducing costs. When revenue growth kicks in during the eventual recovery, they will be meaner and leaner and have even better earnings potential. Many U.S. corporations became leaner over the past decade and this has to a degree, fueled the big bull market of the 1990s. I'm really not sure how one could interpret the MOT news as bad. We are in the midst of the worst down cycle in the history of the semiconductor market, and they beat the estimate by a wide margin. What else can one ask of them? Dan

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