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

To: Ruffian who wrote (36425)	7/21/1999 4:15:00 PM
From: 2brasil	Respond to of 152472

upgrades and stocks getting hit on a up day ??????????????

To: Ruffian who wrote (36425)	7/21/1999 4:16:00 PM
From: Randall Knight	Read Replies (3) \| Respond to of 152472

7/20/99 Hambrecht & Quist reiterates marketperform, exceeds estimate on higher gross margins, but lighter revenue. Let's see here....(sarcasm follows) Lighter revenue? Could that be because they had a month without the money-losing infrastructure sales? Exceeds estimates....., but... Hmmm. Exceeded estimates by 21% for this quarter and will probably post earnings 45% beyond H&Q estimates for next quarter. Good thing they threw that "but" in there. I wonder if they have thought a bit about the $400 million SprintPCS phone agreement. At $190/phone as per conference call guidance, that equals the total phone sales for last quarter. I nominate the H&Q analyst for the Marc Cabi "I Can't Believe I Get Paid To Be So Consistently Wrong" Award.