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To: shamsaee who wrote (34705)	11/3/2000 9:39:10 AM
From: shamsaee	Respond to of 42787

I don't have level II but some one check out the block orders going through on qcom.I am only seeing some of it on the CNBC ticker.

To: shamsaee who wrote (34705)	11/3/2000 9:46:13 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 42787

This isn't the QCOM thread so I won't go into a lot of detail but for one, I don't use forward PE ratios. No one can tell what a company will earn next quarter much less next year. Trailing PE is over 74 and wireless is topped. I see QCOM the same as I saw internets a while back. Manias die slowly but they do all die. Everytime is different yet they always end the same. If QCOM was so great, why was it in single digits less than 2 years ago? No one saw this great growth stock until the wireless mania started? I can find lots of companies with more growth, cash on the books and no debt that trade far far far less than QCOM. As far as selling units off, those adjustments are normally made in the 10Q though I haven't read it yet, so the fact is that revenues fell, earnings were flat and it remains a sky high valued mania stock in my mind and anyone that knows how to read a financial statement. I will be reading their 10Q this weekend but unless they are inviting the SEC to rip them apart, I am sure it is buried in there hat the comparison to last year has the numbers backed out. As for who is right, I guess we'll see a few years from now. Late for work, Good Luck, Lee

To: shamsaee who wrote (34705)	11/3/2000 2:51:45 PM
From: DukeCrow	Read Replies (1) \| Respond to of 42787

shamsee: ** Qcom revenue from last year is lower today because they sold their handset division to Kyocera this past February. ** I'm sorry, but you are incorrect. Yes, they sold their handset division, but the reported revenues are pro forma numbers which take the handset division sale into account. From QCOM's earnings report: "Pro forma revenues in the fourth quarter of fiscal 2000 were $635 million, an 11 percent decrease compared to $716 million in the year ago period." -------------------- "Pro forma results for the prior year period exclude the results of exited businesses and related charges, one-time gains and other non-recurring items. -------------------- "Pro forma revenues declined to $635 million in the fourth quarter of fiscal 2000 from $716 million in the fourth quarter of fiscal 1999. The decrease was attributable to lower sales of QUALCOMM MSM integrated circuits utilized in CDMA phones sold in the domestic South Korean market, due to the government-mandated elimination of phone subsidies." -------------------- QCOM is not immune to the dynamics of the wireless market. If it were, it would have shown better earnings growth over the last year. Pro forma EPS Q1: $ 0.27 Q2: $ 0.26 Q3: $ 0.27 Q4: $ 0.25 QCOM may end up being the 3G wireless leader in the future, but right now it needs to do something to get its earnings growth jumpstarted. Ali