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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (34106)	7/6/1999 7:57:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Merrill Lynch, Michael Ching, WSJ> In communications equipment, Merrill analyst Micheal Ching said he expects revenue increases of 19%, on average, from the second quarter of 1998. He singled out Motorola Inc. (MOT) and Qualcomm Inc. (QCOM) as most-likely candidates to exceed his earnings expectations. Motorola will continue its steady improvement of the past several quarters, with strength in personal communications, cellular and PCS phones, Ching said. He's looking for earnings of 42 cents a share for the second quarter, compared with earnings before charges of 1 cent in the second quarter of 1998. Rapid growth in CDMA phone sales are propelling Qualcomm's results, Ching said. He projects revenue of just over $1 billion and earnings of 65 cents a share for its fiscal third quarter, compared with revenue of $875 million and operating earnings of 33 cents a share for the quarter ended June 28, 199