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

To: SpudFarmer who wrote (39263)	9/1/1999 1:24:00 PM
From: mmeggs	Read Replies (3) \| Respond to of 152472

Analysts have been consistently wrong quarter after quarter after quarter on Qualcomm for going on two years. Given that management guidance was only for handset margins -- which if you remember from the CC was predicted to not expand as rapidly as they would hope due to component shortages -- and not for revenue, earnings, royalties, licensing, etc., why anyone at this point put any stock in what some friggin' analyst from Everen has to say? And also remember from the CC that ASPs were not seeing any erosion on the high-end, just the low end. Has there been a downgrade? A negative revision in earnings? No. In fact, Merrill comes out today and basically says the wireless market is hot hot hot. If there is one thing we have learned it is that analysts do not undestand the true earning power of Q's business. I expect (another) upside surprise, followed by cautious guidance. Buy it now. (IMHO.) mmeggs EDIT: Add ASICs to the list of things above that were not even mentioned in any research note. Now the press (DJ News) is reporting the Everen comments as "The analyst...doubts Q will be able to exceed earnings expectations -- in contrast to previous quarters." Says there are "concerns about fiscal fourth quarter profits." What a f%#$ing joke.