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To: Jim Willie CB who wrote (11993)	4/10/2000 5:52:00 PM
From: Grandk	Respond to of 35685

Motorola first-quarter profits more than double SCHAUMBURG, Ill., April 10 (Reuters) - Motorola Inc. (NYSE:MOT - news), the world's No. 2 wireless phone maker, said Monday its first-quarter profits before one-time items more than doubled, topping Wall Street forecasts, amid strong sales of cell phones and computer chips. Motorola said it earned $449 million, or 59 per share excluding charges relating to the acquisition of General Instrument Corp. as well as certain one-time gains. That compares with $184 million, or 26 cents per share, before one-time items in the year ago quarter. Analysts were forecasting a first-quarter profit of 58 cents per share, according to First Call/Thomson Financial, which tracks such data. An options trader contacted before the earnings were released said so-called ``whisper' numbers -- or unpublished estimates -- were running as high as 62 cents. Revenues climbed to $8.8 billion from $7.3 billion a year ago, boosted by strong sales of wireless phones, semiconductors and other products. Motorola Inc. Q1 net, sales rise SCHAUMBURG, Ill., April 10 (Reuters) - Motorola, Inc. and Subsidiaries Consolidated Statements of Earnings (In millions, except per share amounts) For the Quarter Ended April 1, 2000 ------------------------------------------------ Excl Excl Ongoing Impact Impact Operations of Special Excl of Excl Total Items Special Exited Special Motorola Inc/(Exp) Items Businesses Items -------- --------------------------------------- Net sales $ 8,768 $ - $ 8,768 $ - $ 8,768 Costs and expenses Manufacturing and other costs of sales 5,200 - 5,200 - 5,200 Selling, general and administrative expenses 1,308 (2) 1,306 - 1,306 Research and development expenditures 1,015 - 1,015 - 1,015 Depreciation expense 558 - 558 - 558 Interest expense, net 47 - 47 47 -------- ------------------- ---------------- Total costs and expenses 8,128 (2) 8,126 - 8,126 -------- ------------------- ---------------- Earnings before income taxes 640 2 642 - 642 Income tax provision 192 1 193 - 193 -------- ------------------- ---------------- Net earnings $ 448 $ 1 $ 449 $ - $ 449 ======== =================== ================ Net earnings per common share ----------------------------- Basic $ 0.63 $ - $ 0.63 $ - $ 0.63 Diluted $ 0.59 $ - $ 0.59 $ - $ 0.59 Weighted average common shares outstanding ----------------------- Basic 715.4 715.4 715.4 715.4 715.4 Diluted 755.9 755.9 755.9 755.9 755.9

To: Jim Willie CB who wrote (11993)	4/10/2000 9:39:00 PM
From: Poet	Read Replies (2) \| Respond to of 35685

Argh. Your "stats" on options trading are incorrect. Any good trader, options or otherwise, uses stops. Come on, now. Don't turn this into a personal thing please, Jim, but I think parts of your post are off the mark and serve no useful purpose at this point to those who've been hurt today.

To: Jim Willie CB who wrote (11993)	4/10/2000 11:01:00 PM
From: RR	Read Replies (1) \| Respond to of 35685

Jim: All I trade are options. One can get clobbered doing so. On the positive side, the returns unbelievable. Experience costs you a lot in learning options. I think it takes a couple or three years to learn to trade options effectively. You have to learn when to hold, take profits, and especially get out quick if the position turns against you. I eluded to that in a post last week. I was trying to share my concerns about the number of Troops on the Porch that are trading options that seemed to have recently taken it on the chin for the first time. Glad you posted the info. Hey, the bulls are coming! I see their dust in the western sky! The quality techs are going to have a blistering year! Oh, BTW, watch that JDSU....... Rick

To: Jim Willie CB who wrote (11993)	4/10/2000 11:09:00 PM
From: techguerrilla	Respond to of 35685

Alex Cena's earnings preview on QCOM> QUALCOMM (1H). Results Due April 18, After the Close Pro forma EPS (excluding handset division) should be in line with consensus of $0.24 and compared with estimated pro forma EPS of $0.13 a year ago. Sales of CDMA ASICs should be up 32% year over year and down slightly (12%) sequentially. Royalties should be up 55% to $158 million versus $94.5 million last year and down slightly (4%) sequentially. However, excluding intercompany eliminations, royalties should be up sequentially as well. We estimate pro forma gross margin and operating margin for the fiscal second quarter of 2000 of 64.8% and 44.2%, respectively. Focus for the quarter should be on the ASIC book to bill, which is expected to be >1.0, and the general tone of the business, which is expected to be upbeat. Incremental news flow should be upbeat since in line quarter is already in the stock. We believe that all is on track for QUALCOMM to be in line with consensus and in line with management's guidance earlier in the quarter. The most important issues in the quarter on which to focus are the ASIC book to bill, which is expected to be greater than 1.0, and the general tone of business, which is expected to be upbeat. We estimate that pro forma fiscal second quarter 2000 EPS should be $0.24 versus $0.13 reported last year (on a pro forma basis), and compared with consensus of $0.24. Both ASIC sales and royalty fees should be up slightly year over year but down slightly sequentially. We estimate ASIC sales to increase 32% year over year to $310 million and to decrease by 12% sequentially. Royalties are estimated to increase by 55% year over year to $158 million and to decrease by 4% sequentially. Pro forma gross margin and operating margin for the quarter should be 64.8% and 44.2%, respectively. The historical pro forma results mentioned are our estimates, because the company has not yet reported its results to reflect the recent sale of its handset division.