Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: marginmike who wrote (35932)	7/19/1999 9:14:00 PM
From: limtex	Read Replies (3) \| Respond to of 152472

mm- I felt the same regarding MSFT this afternoon. I now think that I will be proved wrong tomorrow. Its the summer doldrums. Once earnings season is outof the wat and that probably may have happened today, then I believe the amrket will tank. Just like it did in February and in May/June. And we all remember last August. That was a pretty miserable time. But the market tanking probably means CSCO, INTC, LU maybe WCOM and maybe MSFT. Those will all surely tank. Great companies they will no doubt perform very well over the next few years but itsalmost past earnings season and the buying urge dries up and thats that. BUT it doesn't apply to all stocks and I doubt itwill apply to the Q this time. Cheer up. When I said we need you I meant it and so does most of the thread!!! Best regards, L

To: marginmike who wrote (35932)	7/19/1999 9:38:00 PM
From: Drew Williams	Respond to of 152472

Mike, I have not listened to the conference call (maybe later) but from what I've read here, I do not see anything to be too glum about. Perhaps a little bit of unrealized expectations. But there is much news to come. First, I would not take the "component shortage" too seriously. As far as I can tell, Qualcomm has been dealing with component shortages for a long time. Whether this is due to the Q's suppliers being unable ramp up supply fast enough or unwilling to believe the Q's projections, I do not know. Either way, as Qualcomm continues to post good numbers, the various component manufacturers will get the message and dedicate enough manufacturing capability. Also, we already know that in a shortage situation, Qualcomm can manufacture a lot of phones. They will go over 1,000,000 units/month simply by taking over Sony's JV production. Second, you know that much of interest was not said today because of the imminent secondary offering. If QCOM does slide down to 139, I'll sell my Lucent (only a triple! but I think in a slow growth mode for a while)to buy more QCOM. As far as GSTRF is concerned, after the @#)($^ZENIT()&#COX@$(^ year we've had, it better go to the moon!

To: marginmike who wrote (35932)	7/19/1999 10:10:00 PM
From: Webster	Read Replies (2) \| Respond to of 152472

Marginmike, you've been around here for a while and have seen this type of uncertainty before. The confusion is really unfortunate for those who only listen to the experts or the press and do not do their own research. Half of the analysts are not as smart as the long term people on SI. The other half are either totally on board or are sell side analysts who take truthful statements about an excellent business and attempt to twist them around in order to profit from it. I think this quarter has set the stage for anyone who is willing to understand Q's business model. They should see that FY00 earnings could reach $5.00 per share based on 187 mil shares. This was a great quarter for Q. They continue to experience 20% sequencial growth each quarter. 11 million ascis is an excellent indication of new cdma subs being added, a 22% increase over last quarter. This would easily support new cdma subs at 40 million on a go forward basis. It is possible that we will see 60 million new cdma subs added during FY00. Royalties in FY00 could approach $510 mil in FY00 or $2.72 per shares (based on 187 mil shares). At the same time operating margins continue to increase. On a pro-forma basis Q made ~$61 million (not including royalties)on approximately $873 mil in rev (not including royalties). Revenues as well as margins from Comm systems will continue to grow. It is likely that FY00 revenue from Comm systems and Contract Services could approach $4.5 Bil. and earnings of $440 mil or $2.35 per share based on 187 mill shares. Between Royalties and income from operations the above indicates $5.07 EPS in FY00 based on 187 million shares -- not to mention other upside opportunities. The answer to the dinner question Tofu or Chez depends on where you were last year with the Q. Many will go to chez regardless of what Q does tomorrow because we didn't listen to the experts over the past couple of years. FWIW. thanks Web.