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

To: marginmike who wrote (35969)	7/19/1999 10:30:00 PM
From: w molloy	Read Replies (1) \| Respond to of 152472

A contrary view from Yahoo... $170+ tomorrow says I by: The_Rich_Janitor 26435 of 26441 Should win my bet by noon. Has anyone stopped to think what these earnings mean? 00' earnings of between $3.50 and $4.00 with no growth!!! Reality is > $5.50 for 2000. My god, anything under $200 is a steal right now. I am now comfortable with my $300 by the end of the year projection. I may raise to $350. I think we may be +10 before the bell tomorrow morning. As for the reported 'component problem'. What a joke. Blown way out of proportion on SI board. You have to expect it when CDMA is growing faster than expected. If CDMA growth was as expected, then there would be no component issue. The fact that demand outweighs supply is a tribute too growth that hasn't been factored into price. Important issue is current earnings and forward earnings projections. The ONLY thing that matters for a growth company is GROWTH!!! QCOM CRUSHED ALL ESTIMATES and projected (while laughing) that Q4 results were going to be around $.90!!! even with component shortages. BTW, when Q says .90, that means over a dollar!!! The name of the game is accumulation, folks. Buy on the dips and prepare for a Merry XMAS!

To: marginmike who wrote (35969)	7/19/1999 10:32:00 PM
From: Valueman	Read Replies (5) \| Respond to of 152472

How can this earnings report and subsequent conference call be seen as anything but extremely bullish? The bottom line is that $.86/share becomes THE BASE going forward. There are no more special charges, no more pro forma numbers. The next quarter is clean, and you can START your calculations at $.86/share. Now, the analyst community is presently at $.69/share for next quarter, and averaging $2.76 for 00, with a high of $3.05. They are way way off again. We know they will raise estimates to at least $3.50, and likely significantly higher. Tomorrow, they will raise estimates significantly for next quarter, this fiscal year, and next fiscal year. Margins on phones will be higher, number of phones made will be higher, more ASICs, higher royalties--all in the face of component shortages. Total CDMA handsets worldwide, higher than expected. Where does one extract pessimism? Did you not notice the awe with which the analysts kept addressing that $.86 number as a BASE GOING FORWARD? How many times did they ask about it in disbelief? How many times did management belittle the component shortage question as merely a cap on magnificent growth? I listen to a lot of conference calls, and, believe me, this was a bullish conference call. When every single analyst is absolutely positively wrong on his present and future numbers, stocks go up.