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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 166.81-4.1%Nov 17 3:59 PM EST

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To: Greg B. who wrote (21375)1/15/1999 3:01:00 PM
From: Gregg Powers  Read Replies (3) of 152472
 
To all:

Recognizing that truth is an absolute defense against a libel action, I just have to say that Marc Cabi is KNOWINGLY AND DELIBERATELY DISSEMINATING FALSE INFORMATION. Qualcomm management DID NOT at any point during this quarter "guide" him to a $0.70 earnings estimate. Period.

The Street consensus for the quarter is $0.59. It defies logic and it defies imagination that the company would have guided Marc Cabi alone to an earnings expectation almost 20% above consensus. Qualcomm management has explicitly stated that it DID NOT provide such guidance to Cabi.

In my opinion, this is a blatant and obvious attempt by Cabi to "engineer" an earnings "disappointment" where no exists. I find this behavior deceptive, manipulative and offensive in the extreme. Be advised that we, once again, will be forwarding information to the SEC for review.

Disgusted in Naples,

Gregg
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