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

To: LindyBill who wrote (39181)	9/1/1999 10:17:00 AM
From: Jeff lin	Respond to of 152472

From briefing: 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.