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


To: Ruffian who wrote (35765)7/19/1999 5:01:00 PM
From: Kayaker  Read Replies (1) | Respond to of 152472
 
Ooops³. Last after hours number I have @ 16:50:42 trading @ 152-7/8. Good thing, am all out of superscripts.



To: Ruffian who wrote (35765)7/19/1999 5:06:00 PM
From: Maurice Winn  Respond to of 152472
 
*Web release of Results* It took a while for them to appear on Qualcomm's web site: corporate-ir.net

These should be uploaded right on the time, not half an hour later [almost]. A WWeb company called Q.com should give priority to the Web, not to the anachronistic 'news' wires.

Looks like a top happened today. Have a nice ride folks. Seems to be a "sell on the news" and "take the profits" afterhours reaction.

<the Company reported record net income in the third quarter of $135 million, or $.75 earnings per share (diluted). This represents an increase in net income, excluding non-recurring items, of 445 percent over the third quarter of fiscal 1998. >

That doesn't make bad reading though. So it seems foolish to ignore the trend of Q! and bail out. Still, plenty of people would rather take the money and run. Not many companies can report 445 percent increases in profit when the numbers are as big as Qualcomm's.

Mqurice