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

To: marginmike who wrote (36008)	7/19/1999 11:52:00 PM
From: cfoe	Respond to of 152472

I just caught up with almost 200 messages. Thanks to all of you for your analyses, views, concerns, reassurances; and overall great insight. Once I return to my office in CA will post some info from Gilder/Christensen Disruptive Innvoation conference past Thursday and Friday. Thanks again to one and all, and I wil be watching open closely before departing to the WC.

To: marginmike who wrote (36008)	7/19/1999 11:56:00 PM
From: Randall Knight	Read Replies (4) \| Respond to of 152472

Just listened to the Q&A from the CC. Here's my take: All of the guidance by management was conservative but to the upside using $.86 as a basis. Handset margins are improving. ASIC sales are increasing. Royalties should increase at the same rate as they did from 2nd quarter to this quarter. I don't see how anyone could come up with an earnings figure for fiscal 00 of less than $5.00/share. I would be shocked to see earnings for the fourth quarter of this year be below $1.00/share. The analysts' estimates are way too low. No one understands how fast this market is growing. That's why there are vendor shortages. The vendors didn't believe that demand would be so high. The analysts have underestimated the growth and it sounds like some people here can't believe the growth rates. This is the real thing. Do the math on $5.00/share for fiscal 00 with a PE of 60. Here's the kicker: realistically speaking, both of those numbers could be too low. (Just trying to balance out MM's concerns)