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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: Caxton Rhodes who wrote (1188)	9/1/1999 10:26:00 AM
From: Caxton Rhodes	Read Replies (1) \| Respond to of 13582

10:09 ET Qualcom (QCOM) 185 -7 3/16 : Selling off on comments from Everen Securities after meeting with management; business model appears intact, expect sequential revenue/EPS growth in 4Q99; comfortable with Q4 estimate of $0.88. Believes there is potential for upside. However, cautions that although QCOM has substantially beaten ests the last couple of quarters, doubts the company has the ability to exceed 4Q expectations to that same extent. QCOM said operating margins in the handset business not increasing as management hoped due to the acceleration of price erosion in the last few quarters.