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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.12-1.7%1:21 PM EST
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To: marginmike who wrote (17312)10/28/1998 10:55:00 AM
From: Peace  Read Replies (2) of 152472
 
Lehman has maintained its Buy rating and target ($65). They are also sticking with the high end current qtr estimate of 0.54 (First call 0.50) and think that Q could beat their estimate too. They have reduced 99 estimate from 2.70 to 2.50 based on slower wireless infrastructure growth in emerging markets. I dont see this report as negative. Their 99 numbers were at the high end and are more in line with the street now.
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