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To: Grantcw who wrote (2101)	2/16/2000 3:59:00 PM
From: BirdDog	Respond to of 10713

Take a look at QCOM's end of 1999 run. QCOM released a so-so earnings report, in my opinion, but ran like a rabbit based on a 4/1 split at the end of 1999 May I kindly correct you? Qcom ran like a rabbit on Prudentials $1,000 price target. As I remember It went up $156 a share that day and kept going up in after hours trading. And as far as the earnings report. They had earlier announced that they would not exceed earnings like they had in the past....The Street overreacted on that news and rejoiced when they did just what they said they would do. RaPle

To: Grantcw who wrote (2101)	2/16/2000 5:03:00 PM
From: Robert Sheldon	Read Replies (1) \| Respond to of 10713

Take a look at QCOM's end of 1999 run. QCOM released a so-so earnings report, in my opinion, but ran like a rabbit based on a 4/1 split at the end of 1999. The stock ran because all of the analysts figured out that the handset royalties were approximately 5% not the 3% or feared 1% many of the bozo analysts (H&Q for instance) were guestimating. If you look at the trading in the aftermarket that day you will find that when management affirmed what many had just calculated (5% royalties)thats when the stock started to take off. You should not believe that the split ran the stock. Splits are just indicitave of companies doing well. By the way, that earnings report was not so-so - I do not understand your reasoning. The royalty information alone was FANTASTIC. Just think . . . 600,000,000 mobile Internet users (mostly using CDMA) by 2002 (ERICY just estimated/announced this). With QCOM obtaining roughly $10 per handset over the next two years that's a whole lot of $$$$. If it was just $2 to $6 per handset as many had feared, that would have been cause for concern. Instead we found out that the bucks were about to start flowing as the world transitions to CDMA. :-)