Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (14923)	4/18/2000 6:42:00 PM
From: Dealer	Respond to of 35685

=DJ Qualcomm Beats Street, Shows Strong Royalty Revenue>QCOM 04/18/2000 Dow Jones News Services (Copyright ¸ 2000 Dow Jones & Company, Inc.) By Johnathan Burns NEW YORK (Dow Jones)--Qualcomm Inc. (QCOM) reported second quarter earnings of 26 cents a share Tuesday, beating Wall Street's expectations of 24 cents a share and meeting the "whisper number" projection. Paced by stronger-than-expected royalty fees of $168 million, Qualcomm reported revenue of $727.7 million compared with $932.4 million and a loss of 7 cents a share in the year-ago period. "They did 26 cents a share and we were looking for 24," said Mark McKechnie, an analyst with Banc of America Securities. "The royalty numbers were better than expected." Qualcomm shares benefited from the news in after-hours trading, climbing 6% to 119 1/4, from its Tuesday Nasdaq closing price of 112 3/16, according to Instinet. In its earnings release, Qualcomm said it is comfortable with consensus projections for its third quarter earnings of 27 cents a share. "At first glance, I think in general it was a pretty positive quarter," McKechnie said. Qualcomm's stock slid 4%, or 4 11/16, before market close on anticipation the company would not meet the whisper number. Volume was 22.1 million shares, compared with the daily average of 18.4 million.