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To: techguerrilla who wrote (14833)	4/18/2000 4:05:00 PM
From: Dealer	Read Replies (1) \| Respond to of 35685

=DJ Qualcomm Expected To Beat Street Estimates In 2Q >QCOM 04/18/2000 Dow Jones News Services (Copyright ¸ 2000 Dow Jones & Company, Inc.) By Johnathan Burns NEW YORK (Dow Jones)--Wireless technology innovator Qualcomm Inc. (QCOM) is expected to beat published Wall Street earnings estimates of 24 cents a share when it reports second quarter results Tuesday afternoon. But if Tuesday trading is any indication, investors may think the company won't reach the 26-cent whisper number - the figure some analysts are hoping for. After jumping 11% Monday - a sharper rise than its peers - Qualcomm recently traded down 4.2%, or 4 7/8, at 112 on volume of 12.7 million shares, compared with average daily volume of 18.2 million. Qualcomm's dip comes on a day where the Nasdaq Composite Index is surging more than 200 points. Qualcomm is expected to report revenue of about $1.1 billion. The company previously said its CDMA chipset sales will be down slightly due to seasonal issues and high operator inventories of handsets. In a recent note, Deutsche Bank analyst Brian Modoff said the company should meet his forecast of $1.1 billion in revenue and earnings per share of 25 cents. He also said recent patent/royalty agreements show the company's strength in intellectual property rights for CDMA technology. "We believe that the company is well positioned to benefit from the worldwide deployment of mobile CDMA networks," Modoff wrote. Tim Luke, analyst with Lehman Brothers, also expects Qualcomm to post earnings of 25 cents a share. In a recent note, Luke said the company will benefit from improved chipset sales in Japan and Korea, "providing an upbeat outlook for 2Q '00 and the balance of 2000." -Johnathan Burns; Dow Jones Newswires; 201-938-2020; johnathan.burns@dowjones.com (END) DOW JONES NEWS 04-18-00