Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Boplicity who wrote (52282)	12/2/1999 6:53:00 PM
From: Ruffian	Respond to of 152472

Clip from Indiv. Investor mag on QCOM by: GospElvis (F/TN) 12/2/1999 6:49 pm EST Msg: 65254 of 65254 (Link provided by two people on the JDSU board) individualinvestor.com >>>Qualcomm The next company is Qualcomm (NASDAQ: QCOM - Quotes, News, Boards) the pioneer of CDMA technology, a wireless communications standard that is quickly emerging as the dominant architecture in next generation wireless networks. Qualcomm's proprietary market position assures a recurring stream of high margin license revenue from manufacturers that build networks and provide handsets based on CDMA. Because CDMA provides greater capacity, security and reliability that competing wireless standards, it is expected to be the preferred means of delivering Internet, e-mail and other data intensive applications over wireless devices. Qualcomm is also expected to exit the CDMA handset business, which will free up resources and lower operating costs. Management made a similar decision when it sold its low margin infrastructure business to Ericsson (NASDAQ: ERICY - Quotes, News, Boards), a move that has been well received, as Qualcomm shares have soared more than 1,200% year to date. Qualcomm is expensive trading at around 63 times the fiscal 2001 consensus estimate of $5.71 per share. We believe, however, that the potential for CDMA technology is huge, especially internationally. By exiting low margin businesses, margins are poised to expand as license revenue accelerates over the next few years, which will lead to further positive earnings revisions. <<<

To: Boplicity who wrote (52282)	12/2/1999 7:04:00 PM
From: DOUG H	Read Replies (1) \| Respond to of 152472

OT OT (sorta) The capacity of the component business is relevant to Q. ............................................................... Credit Suisse First Boston analyst Glavin said RF Micro Devices executives gave a "very upbeat" presentation at the brokerage firm's Annual Technology Forum in Phoenix Thursday. He said the company stressed the leverage it gains from a second wafer fabrication plant, which quadruples production capacity. RF Micro Devices makes radio-frequency integrated circuits for wireless communications applications. Glavin said despite trimming his third and fourth-quarter views, he is "if anything more bullish" on the company's outlook over the next 12 months. He maintained his Strong Buy rating on the shares and increased his 12-month price target to $85 from $75. The analyst cited strong demand for the company's products, the new capacity coming on line and new markets RF Micro Devices will pursue through an expanded agreement with TRW Inc. (TRW). Market watchers said another driver of the downward stock movement Thursday was a false rumor on Yahoo's chatroom that an assembly-plant fire would cause short-term production delays for RF Micro. A woman answering the phone at the company's headquarters in Greensboro, N.C., said RF Micro had had no fires. -Mary Ellen Lloyd, Dow Jones Newswires, 704-371-4033 (END) DOW JONES NEWS 12-02-99 -------------------------------------------------------------------------------- Oh those guys on YAHOO!!!!! LOL! Thanks for the cheap shares!