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

To: JGoren who wrote (5142)	1/13/2000 10:24:00 AM
From: Ruffian	Read Replies (2) \| Respond to of 13582

Merrill On Earnings> Merrill Lynch Bullish QCOM Earnings Preview QUALCOMM Revenues should increase by 20% to $1.13 billion in the December quarter. This assumes that the company will ship about 2.2 million handsets and 16 million Application Specific Integrated Circuits (ASICs). This compares to 1.9 million phones and 14 million ASICs shipped in the September quarter. QUALCOMM recently announced plans to sell its handset business to Kyocera, and this transaction is expected to be completed in the March 2000 quarter. While reported results in the December quarter will include contributions from the handset business, it will not include sales of infrastructure equipment. The more favorable product mix should lead to a 10 point improvement in gross margins. bondiblue Source: Merrill Lynch Report: Communications Equipment: 4Q Earnings Preview Dated January 7, 2000