Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.05

+0.6%

Nov 19 3:59 PM EST

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To: John Stichnoth who wrote (23428)	2/25/1999 2:18:00 PM
From: Ruffian	Read Replies (1) of 152472

Cabi Opens "BLOWHOLE AGAIN"> Thursday February 25, 1:49 pm Eastern Time RESEARCH ALERT - Qualcomm hold reiterated NEW YORK, Feb 25 (Reuters) - CS First Boston analyst Marc Cabi said Thursday in research report he reiterated a hold rating on Qualcomm Inc. (Nasdaq:QCOM - news). -- said raised his fiscal year 1999 earnings estimate to $2.71 from $2.50 and raised the fiscal year 2000 estimate to $3.35 from $3.00. -- said Qualcomm offered bullish guidance at an upbeat meeting with analysts this week. -- said Qualcomm's efforts to correct the earnings drag from the infrastructure division are encouraging. But said the future of the unit and its ability to reach breakeven by the fourth quarter of 1999 remains precarious. -- said Qualcomm could post incrementally stronger gross margins this quarter. -- said competition from Motorola Inc. (NYSE:MOT - news) and Nokia in the phone handset business is a ''very real threat that should apply considerable pressure.'' -- shares of Qualcomm fell 1/8 to 72-5/8 in morning trading.

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