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Technology Stocks : QUALCOMM-The Wireless Wonder in 1999 -- Ignore unavailable to you. Want to Upgrade?

To: GO*QCOM who wrote (232)	5/9/2000 11:56:00 PM
From: GO*QCOM	Read Replies (1) \| Respond to of 343

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