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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (77047)	7/19/2000 12:09:54 PM
From: waverider	Respond to of 152472

ed...yes good call. think you are right about this week...still have beers ready on my deck in case anyone is interested... Here is a bit from the Rocket thread on expectations. I don't know where they got the Q EXPECTS the particular number but nonetheless...this may give us some insight into what may happen tomorrow. Rick ------------------------- "The fourth-quarter numbers will bear close watching, Heger says. Qualcomm projects fourth-quarter chip sales may slip to 13 million, and Snyder says any figure less than 10 million could beat up the stock. Revenue in the fourth quarter could drop to $693 million from around $745 million in the third quarter, says Greg Teets, another analyst at A.G. Edwards." All these numbers are for a book-to-bill of under 1. For Snyder to be surprised on the downside (i.e., to justify a lower price), the book-to-bill will have to be way less than 1, something like .66 (10 million in the 4th vs 14m or so in the 3rd). If the company cant beat that, it will be a real roadbump. If the numbers even approach 1:1, it could be a pleasant surprise.

To: edamo who wrote (77047)	7/19/2000 2:03:54 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 152472

>> be cautious in this instance as news will over ride short term technicals......great news and upside volume will return....expected or bad news/cc and the market will again punish...... Since I'm not a trader or a TA guy (unless you're referring to the musical, T and A), let me make sure I understand your prediction. Great news = qcom will go up Bad news = qcom will go down Wow, that's great stuff. I'll have to start following your posts more closely. uf