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

To: qbull who wrote (67389)	2/18/2000 9:59:00 AM
From: Ruffian	Read Replies (1) \| Respond to of 152472

RESEARCH ALERT - Qualcomm raised NEW YORK, Feb 18 (Reuters) - Prudential Securities said analyst Pete Peterson raised his rating on Qualcomm Inc. (NasdaqNM:QCOM - news) to strong buy from accumulate, following the company's upbeat analyst meeting. -- said raised the 2000 earnings forecast to $1.11 a share from $1.02 a share, and raised the 2001 earnings forecasat to $1.63 a share from $1.35 a share. -- said Qualcomm's opportunity in China could be large. -- said the sale of the handset business should place gross margins above 60 percent for the long-term and keep operating margins in the low- to mid-40 percent range. -- said believes wireless industry has entered an era in which new applications and systems integration will be more important than just pure connectivity. -- said several catalysts could help the stock, such as the announcement of Chinese license contracts, progress on the reallocation of spectrum in Europe from an analog network to a CDMA (code division multiple access) network. -- shares of Qualcomm gained five to 135 in morning trading on Nasdaq.