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

To: Randall Knight who wrote (5671)	1/25/2000 8:55:00 PM
From: Ruffian	Respond to of 13582

<OT> <Think about the ramifications of that.> $$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$ ___________________ Can't think anymore. LOL!

To: Randall Knight who wrote (5671)	1/25/2000 9:14:00 PM
From: Cooters	Respond to of 13582

Randall, Did you catch IJ's comments on DoCoMo's W-CDMA? I'll try to recap: DoCoMo will have a limited 3G system sometime in 2001, probably at only 64KB/sec and maybe not the 3G standard. Any large movement to 3G by DoCoMo is still years away. That was in response to a question about the Business Week article(I think) about DoCoMo. Cooters

To: Randall Knight who wrote (5671)	1/25/2000 9:28:00 PM
From: w molloy	Respond to of 13582

Sales drive Qualcomm profit growth - Warning slams shares in after-hours trade By Cecily Fraser, CBS MarketWatch Last Update: 9:15 PM ET Jan 25, 2000 NewsWatch SAN DIEGO (CBS.MW) -- Shares of high-flying telecommunications equipment maker Qualcomm plummeted in after-hours trading Tuesday following a first-quarter earnings report that including a warning that shipments of chips and telephones could slow in the current quarter. Qualcomm (QCOM: news, msgs) tacked on 8 15/16 to 149 in Nasdaq trading before the release of its first-quarter results, but fell 11 to 148 in after-hours trade. After the market closed, Qualcomm posted net income of $192 million, or 25 cents a share, excluding charges. That's up 290 percent from $49 million, or 8 cents a share, in the same period last year. Wall Street analysts surveyed by First Call forecast a profit of 24 cents a share. Revenue totaled $1.1 billion, an increase of 19 percent from $941 million in the year-ago period. The company said pro forma earnings, excluding charges and operating results from its handset unit that was sold in December to Japan's Kyocera Corp., came to 27 cents a share. The deal with Kyocera (KYO: news, msgs) is expected to close by the end of February, Qualcomm said. "We believe that the sale of our phone business, along with the sale of the wireless infrastructure business last year, will support continuing improvements in our financial performance while allowing us to increase resources devoted to wireless Internet access," Irwin Jacobs, chief executive officer, said in a statement. The company's shares skyrocketed about 2,500 percent in 1999 amid surging demand for the company's Code Division Multiple Access (CDMA) technology, which is used for wireless networks. The San Diego-based company benefits by taking in royalties from companies that use CDMA. Shipments slowing Qualcomm conceded, however, that shipments of its CDMA chips and phones in the second quarter may be lower than in the first quarter. It cited seasonal factors, inventory balancing by customers due to continued shortages of other phone components and a switch to newer chips. The warning sent shares south sharply in after-hours trading. See after-hours activity. "We had modeled a little bit of seasonality into our model and because of the long-term strength of the story, that's not at all concerning to us," said Dale Pfau, an analyst at CIBC World Markets, who has a "strong buy" rating on the stock. If the stock is weak in Wednesday's session, Pfau said, investors ought to take advantage of the opportunity. "Qualcomm is going to be one of the long-term beneficiaries of the growth in wireless communications," he added. The company said it shipped 2.2 million phones and 14.5 million phone chips in the first quarter Comfortable with estimates The company said the market for CDMA products and demand for its CDMA chip-set and software services will continue to grow "significantly" despite quarterly fluctuations. That said, Qualcomm added that second-quarter earnings should meet or exceed the 25-cent profit earned in the first quarter, and that it's comfortable with the current analyst consensus earnings estimates for fiscal 2000. Chief Executive Officer Irwin Jacobs told analysts during a conference call that the company took steps during the first quarter to sharpen its focus on wireless Internet access, which it sees as the next major market for communications and CDMA. Some of those "steps" include its high data rate chipsets aimed to speed up wireless data communications

To: Randall Knight who wrote (5671)	1/25/2000 9:30:00 PM
From: Theophile	Read Replies (2) \| Respond to of 13582

I would like to emphasize something I gathered from QCOM statements over the past 2 Qrtrs. I kept 'hearing' how they were making efforts to cool the expectations of analysts and investors.....ever since that qrtr. where they invited the analyst over for tea and had him reduce the earnings expectations, then a couple weeks later "missed" an analyst meeting, the stock tanked, and then 48 hours later a 'company statement' was issued declaring all was well, and then the subsequent regularly scheduled meeting cleared the air..... Just want to remind everyone that management is very clever, and timing for earnings reports, subsequent alignment with market expectations, share holder value as well as EOS value (employee stock options) must all be juggled...and this is one very long haul company....as Peter Lynch has said, if the underlying story has not changed, and the market reacts hysterically, simply buy more. If you are not certain enough to buy more, find out more until you are certain enough to sell or buy more. Good Luck to your search! Martin Thomas