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To: GST who wrote (101567)	4/18/2000 5:31:00 PM
From: H James Morris	Respond to of 164687

>HJ -- IBM 83c -- is that good? Better than 82c...real earnings too. But a revenue short fall...you know the Street hates revenue short falls. IBM...might be worth a put...We'll see. > Armonk, New York, April 18 (Bloomberg) -- International Business Machines Corp., the world's biggest computer company, said first-quarter profit rose 3.3 percent and revenue fell as clients delayed purchases because of Year 2000 concerns. Net income rose to $1.51 billion, or 83 cents a share, from $1.47 billion, or a split-adjusted 78 cents. Sales fell 4.8 percent to $19.35 billion from $20.32 billion. Analysts expected about $21 billion in revenue. Btw AOL > Dulles, Virginia, April 18 (Bloomberg) -- America Online Inc., the No. 1 Internet service, said its fiscal third-quarter profit beat analysts' forecasts as it gained 1.7 million subscribers and advertising on several services surged. The Dulles, Virginia-based company earned $271 million, or 11 cents a share, in the quarter ended March 31, compared with a profit of $104 million, or 4 cents, a year ago. Third-quarter 1999 results exclude a one-time gain from selling Excite At Home Corp. shares. Revenue rose 47 percent to $1.84 billion from $1.25 billion. Qcom >San Diego, April 18 (Bloomberg) -- Qualcomm Inc., which developed cell-phone technology used by 50 million people, reported a fiscal second-quarter profit, compared with a year- earlier loss, as revenue from chips and royalties rose. Net income was $199.7 million, or 25 cents a share, compared with a loss of $42.6 million, or 7 cents, in the year-earlier period. Revenue in the quarter ended March 26 fell to $727.7 million from $932.4 million as Qualcomm sold two businesses. Qualcomm developed the code division multiple access technology that offers more call capacity and faster Internet access than rival standards. The company has benefited as more wireless-service companies install network equipment using Qualcomm chips and consumers snap up CDMA phones. Qualcomm also gets royalties from companies that sell CDMA equipment. ``We're really moving into full stride for introduction and full-scale deployment of CDMA,' said Pete Peterson, a Prudential Volpe Technology Group analyst who rates Qualcomm a ``strong buy.' The company said it expects to ship more phone chips this quarter than it did in the first fiscal quarter that ended in December. That reverses a slide in the latest quarter from the prior period. The company also said it expects to meet analysts' forecasts for profit of 27 cents a share in the fiscal-third quarter ending in June. Qualcomm was forecast to earn 24 cents a share, the average estimate of analysts polled by First Call/Thomson Financial. Some forecasts posted on Internet sites were as high as 27 cents a share. Qualcomm said it earned 26 cents a share excluding gains, charges, acquisition costs and revenue from the phone-making unit it sold. Shares of San Diego-based Qualcomm fell 4 11/16 to 112 3/16 today. They rose as high as 125 in after-hours trading. They've fallen 36 percent this year after surging 27-fold in 1999. The company reported earnings after the close of the Nasdaq Stock Market. Results were restated to exclude two money-losing divisions Qualcomm sold in the last year: the wireless network-equipment business, which Qualcomm sold to Ericsson AB in May, and the phone- making division, which was sold to Kyocera Corp. in February. Apr/18/2000 17:10