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

To: Sawtooth who wrote (36170)	7/20/1999 2:41:00 PM
From: Morgan Drake	Respond to of 152472

Qualcomm?

To: Sawtooth who wrote (36170)	7/20/1999 2:56:00 PM
From: John Dough	Respond to of 152472

All, It's good to see that most of the analyst's reports out today have put a positive spin on the component shortage, saying things such as "phone sales would have been even higher, had it not been for component shortages". In the old days (last year), certain analysts would have put a negative spin on it, maybe even using it as grounds for downgrading the stock (Cabi). Q! has finally established itself as one of the darlings of Wall Street! Does anyone know of another (non-internet) stock with more than a $1Billion market cap that has risen this much, this fast? This may be unprecedented. Also, an observation: The $.86 pro-forma earnings were practically spoon fed to the analysts when Q! said 2/3 into this quarter, that they had already met the quarterly estimates. It doesn't take a rocket scientist to project the previous quarter's $.60 pro forma to roughly $.90 for this quarter. Why did the analysts on the conference call seem so astonished, and not congratulate management for a great quarter? Could it be that they can't stand to be proven so wrong, two quarters in a row? Regards, Mark

To: Sawtooth who wrote (36170)	7/20/1999 7:36:00 PM
From: gdichaz	Read Replies (2) \| Respond to of 152472

One bit of fun math. If the improvement in this quarter is the same in percentage terms as the per share pro forma earnings improvement between the last two, then the Sept qtr earnings per share will be $1.23. Much too simplistic of course, but fun and perhaps a grain of truth. This is probably much too low an estimate since Japan is really moving into its ramp up, the thin phone will be up to one half of Q production, G* system will be launched, data enrichment will be underway with the operators, and stocking up for the Holiday Season will have started. Any other suggestions why $1.23 for the quarter we have just started is too low? Or is there someone here who thinks this number is too high - and if so why? Chaz Did not figure new 4 million + shares in but perhaps some math wiz can. :-) Or maybe that will be of little importance if the $700 million proceeds used well.