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To: LBstocks who wrote (17917)	5/10/2000 2:09:00 AM
From: techguerrilla	Respond to of 35685

Have I told you I love you, Alex Cena? 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