Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 164.53

-0.4%

Jan 14 3:59 PM EST

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To: Maurice Winn who wrote (25146)	3/26/1999 6:35:00 AM
From: SKIP PAUL	of 152472

March 25, 1999 13:06 Salomon Analyst Pondering New $110-$115 Target On Qualcomm (QCOM) (NewsTraders.com)-- Salomon Smith Barney analyst Alex Cena is revisiting his old price target on Qualcomm Inc. (QCOM) in light of today's deal to settle a bitter patent dispute with Sweden's Ericsson (ERICY), according to a source at the firm. Cena, whose previous target on the San Diego-based company was $80 per share, now says a new target in the $110-to-$115 range could be established after he fully reviews the deal and listens in on an analysts' conference call. Cena kept the stock at "buy" despite it smashing through his old target. Shares of Qualcomm recently trading at $95, up $7.63, or 8.7%. Shares hit a new all-time high of $98.56 in intra-day trading. Copyright 1999 NewsTraders Inc. All Rights Reserved 13:06 Thursday, March 25, 1999

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