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

To: dave katragadda who wrote (56273)	12/23/1999 9:54:00 AM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Thursday December 23, 9:43 am Eastern Time RESEARCH ALERT - Qualcomm EPS estimates raised CHICAGO, Dec 23 (Reuters) - ABN AMRO analyst Kenneth Leon said Thursday he raised his fiscal year 2000 estimate for Qualcomm Inc. (NasdaqNM:QCOM - news) after the wireless phone maker and technology provider agreed Wednesday to sell its land-based consumer phone business. -- The San Diego-based company said yesterday it agreed to sell the unit to Japanese company Kyocera Corp. for an undisclosed amount of cash. -- Leon said in a research note that he raised his fiscal year 2000 earnings per share estimate to $4.23 from $4.00. -- He also said he introduced a fiscal year 2001 EPS estimate of $5.68. -- He said, ''Immediate benefits (from the deal with Kyocera) will arise from absence of the poorly performing handset division.'' -- Kyocera also agreed to buy 70 percent of its Code Division Multiple Access (CDMA) chipsets and system software from Qualcomm for the next five years, so the deal will increase sales for Qualcomm, Leon said. -- ''We like the long-term value of this deal for Qualcomm. We would wait for price weakness before accumulation,'' he said. -- Shares of Qualcomm were off 7-7/16 at 478 on Nasdaq in early morning trade.

To: dave katragadda who wrote (56273)	12/23/1999 9:59:00 AM
From: dwayanu	Respond to of 152472

09:54 EST - Notice how small the spreads are, commonly 1/16 and 1/8. Lots of asks coming in 1/16th over the bid, 400 to 3400 share blocks. I take it as a good sign, but then I havn't had my coffee yet this morning. :-) - Dway (sweating out Jan 400 calls)

To: dave katragadda who wrote (56273)	12/23/1999 10:04:00 AM
From: Boplicity	Read Replies (2) \| Respond to of 152472

Thread, We had a climatic SHORT TERM TOP yesterday, with less then favorable news, so the Mo Mo and traders and balling. Anything below 455 I would have to say would take longer then a few months to repair. Like I said yesterday, we have seen the high for the year. That said, I bought more just a few moments ago. I see the deal we just got from QCOM as a book end to go with the selling of the infra div. and the split as the closing of the book on the old QCOM. What have now is the new QCOM with the distractions and overhead removed. It will take time to repair this damage to the momentum of the stock. We now have to live on earnings. As you can see the announcement of the 3G chips was a waste, too bad, might of been better to announced that after the fall out a few weeks from now. The biggest problem I see is that we will have to wait till some time during the summer for any real news on HDR. The promise seems to be priced in here. I don't feel the split will be much of a draw. Greg