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Biotech / Medical : CYBR CyberCare the new look of healthcare -- Ignore unavailable to you. Want to Upgrade?

To: Murray_Mac who wrote (1380)	4/25/2000 11:16:00 AM
From: Murray_Mac	Read Replies (1) \| Respond to of 3392

Keep an eye on Qualcom, CyberCare's business model very much resembles theirs. A short interesting article dated April 19, 2000. cbs.marketwatch.com Qualcomm (QCOM: news, msgs) rose 2 9/16 to 112 3/16 on volume of 24.9 million shares. The stock was one of the stars of the Nasdaq market in 1999. Late Tuesday, the company said pro-forma net income rose to $207 million from $119 million a year ago. Revenue increased 16 percent to $649 million from $558 million during the fiscal 1999 quarter. Qualcomm reported a pro-forma profit per share of 26 cents, up from 18 cents a share earned during the year-ago quarter. The First Call-compiled consensus of 18 analysts estimated earnings per share at 24 cents. Pro forma operating income as a percentage of revenue increased to 42 percent for the second quarter of fiscal 2000 from 34 percent in the year-ago period. "During the quarter, we successfully completed the sale of our phone business to Kyocera," said Irwin Jacobs, chairman and chief executive of Qualcomm. "We also favorably settled a lengthy patent lawsuit with Motorola, resulting in the extension of its CDMA license to include Qualcomm patents issued since 1995." CDMA, short for code division multiple access, is a digital wireless technology. According to Qualcomm's Web site, the technology offers high-quality voice capacity for devices such as mobile phones, provides greater coverage at a lower cost and allows users to talk longer on smaller phones with extended battery life and improved security and privacy. "Qualcomm's growth prospects are no secret, but the company's CDMA technology will have to become the dominant global standard for Qualcomm to justify its lofty valuation," wrote Morningstar analyst Aaron Westrate. See report. "The real story at Qualcomm is the growth in licensing royalties from its patented CDMA technologies." Revenue from license, development and royalty fees grew to $168 million from $106 million in the year-ago quarter. "Qualcomm's overall margins should expand as licensing becomes a larger part of the company's business, since the segment commands operating margins of 90 percent," Westrate said. Murray (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)