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.

Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: q_long who wrote (9856)	5/9/2000 3:28:00 PM
From: Ruffian	Respond to of 13582

Qualcomm Inc(QCOM)* Rating: 1H 2000331 Salomon Smith Barney ~ May 9, 2000 05/09/00 QUALCOMM, Inc. (QCOM $109.75,1-H,Tgt $200.00) Alex M. Cena --SUMMARY:--QUALCOMM, Inc.--Telecommunications Equipment * Post F2Q00 results and follow-up discussions with management we have fine tuned our model and are raising our ests slightly. * We are raising our F3Q00 & F4Q00 ests to $0.27 & $0.31, respectively vs our previous ests of $0.26 & $0.30. * Our FY 2000 est is now $1.10 vs $1.05. Although we only raised F3Q and F4Q ests by a penny each our new FY est reflects the better than expected results in F2Q00 (accts for $0.02) as well as the pro forma adjustment for the sale of the handset division to F1Q00 results (accts for $0.01). * We are also raising our FY 2001 ests to $1.45 from $1.40. * We continue to recommend QCOM with a 1H rating and a $200 price target. 05/09/00 QUALCOMM, Inc. (QCOM $109.75,1-H,Tgt $200.00) Alex M. Cena --EARNINGS PER SHARE-------------------------------------------------------- FYE 1 Qtr 2 Qtr 3 Qtr 4 Qtr Year Actual 09/99 EPS $0.08A $0.10A $0.19A $0.23A $0.62A Previous 09/00 EPS $0.26A $0.26A $0.26E $0.30E $1.05E Current 09/00 EPS $0.26A $0.26A $0.27E $0.31E $1.10E Previous 09/01 EPS $N/A $N/A $N/A $N/A $1.40E Current 09/01 EPS $N/A $N/A $N/A $N/A $1.45E Previous 09/02 EPS $N/A $N/A $N/A $N/A $N/A Current 09/02 EPS $N/A $N/A $N/A $N/A $N/A Footnotes: 05/09/00 QUALCOMM, Inc. (QCOM $109.75,1-H,Tgt $200.00) Alex M. Cena --