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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Nick who wrote (7333)10/11/2000 3:42:43 PM
From: T L Comiskey  Read Replies (3) | Respond to of 65232
 
15:34 ET QUALCOMM (QCOM) 69 -10 11/16 (-13.4%): Issue apparently being hit by rumors that a brokerage firm is expecting company to miss its quarter.
Goldman Sachs denying rumors; says no fundamental reason for the decline.



To: Nick who wrote (7333)10/11/2000 3:44:02 PM
From: Venkie  Read Replies (1) | Respond to of 65232
 
they don't like the slow ph sales from Mot..imo



To: Nick who wrote (7333)10/11/2000 3:57:02 PM
From: Dealer  Read Replies (1) | Respond to of 65232
 
Phone.com shares slide after Motorola comments
NEW YORK, Oct 11 (Reuters) - The shares of wireless software provider Phone.com Inc. (NasdaqNM:PHCM - news) slid more than 13 percent after cell phone maker Motorola Inc. (NYSE:MOT - news) said demand for Internet enabled phones was not as strong as expected.

The shares of the Redwood City, Calif.-based maker of software that allows users to surf parts of the Web using their wireless phones, were down $14-3/8 to $96-1/8 in late Wednesday trading.

Phone.com was the third-largest net loser on the Nasdaq, while Software.com Inc. (NasdaqNM:SWCM - news), which Phone.com is acquiring was the largest loser, with shares off $27-1/4 or 15.54 percent.

``There was some negative chatter from Motorola,'' Bank of America Securities analyst Rob Sanderson said. ``They had a pretty lousy quarter and disappointing sales in WAP phones.''

WAP -- Wireless Application Protocol -- is the standard Phone.com uses to run its wireless Internet gateway though which users access Web pages.

On Tuesday, Motorola -- the world's second biggest maker of cell phones after Nokia -- cut earnings estimates over the next two years in part because of slower projected global growth in the mobile telephone market. The company also said consumers adopted Internet-enabled phones more slowly than expected. Since the beginning of the year, Motorola shipped 16 million Internet enabled telephones.

But Sanderson said a disappointment for Motorola may not translate into one for Phone.com, which reports fiscal first quarter results Oct.18. Last quarter, the company said it had 4.1 million visitors to its gateway, Sanderson said.

``That's 16 million just from Motorola that can hit this WAP gateway,'' he added.