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

To: Roger W. Bowen who wrote (62296)	1/14/2000 1:48:00 PM
From: T L Comiskey	Respond to of 152472

Jan 14, 2000 Motorola Share Profits Expected to Triple Senior Analyst: Luciano Siracusano (1/14/00) Shares of Motorola (NYSE:MOT - news) rose more than $9, or 6.5%, in mid-day trading on Friday. The semiconductor and digital phone maker rallied on several price-target upgrades from Wall Street analysts. Lehman Brothers raised it 12-month price target on Motorola to $200, up from $160. PaineWebber goosed its target price to $196 from $146, citing a higher-than-expected growth rate for wireless phones and infrastructure equipment. We expect Motorola to earn $0.81 a share in the December quarter, a more than 200% share-net increase over last year, when it reports on Monday. Two key pieces of information to be culled from the conference call scheduled for Tuesday, January 18th, revolve around the rate of growth of the company's handset business and possible capacity constraints given the burgeoning demand for semiconductor components and testing equipment. Most year 2000 models are built on the assumption that the company can grow sales of its handset business by 30%-35% in the coming year. If Motorola suggests it can increase digital phone sales at a faster rate, more analysts will likely follow Lehman and PaineWebber in ratcheting up earnings estimates and price targets for the coming year. Intel?s (NASDAQ:INTC - news) blowout quarter also augers well for Motorola?s chip business. Dataquest estimates that the worldwide semiconductor market increased 18% last year. The Semiconductor Industry Association (SIA) expects 21% growth in 2000. These are the new glory days for Motorola. With the wind at its back and powerful earnings growth projected for the future, Motorola stock remains a buy at these prices.