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

To: samim anbarcioglu who wrote (95240)	3/6/2001 10:08:36 AM
From: Caxton Rhodes	Respond to of 152472

Surprise Upgrade for Qualcomm QUALCOMM (QCOM): In a surprise move, analysts at Morgan Stanley Dean Witter upgraded shares of the digital wireless communications applications company to Strong Buy from Outperform on Feb. 23. (Morgan Stanley Dean Witter makes a market in QUALCOMM securities.) At issue are news reports of wireless wideband code division multiple access (WCDMA) delays, which the firm believes have triggered an overreaction by investors. Instead, investors should see this as an opportunity to buy QUALCOMM shares, supported by the fact that the analysts viewed WCDMA as a minor part of their estimates. They lowered their fiscal 2001 and 2002 EPS estimates by $0.01 and $0.10, respectively, and eliminated 100% of the anticipated WCDMA chipset exposure from their model. The analysts also note that CDMA2000, an alternative third generation (3G) standard to WCDMA, is on track, and is a proven, available and currently deployed system. The shares closed at $54.81 on Feb. 28. Research about QUALCOMM was accessed 1590 times, and 58 new reports were added to the Multex.com database during the week of Feb. 19 to 25.

To: samim anbarcioglu who wrote (95240)	3/6/2001 10:41:29 AM
From: TCGNJ	Respond to of 152472

Sorry, it is from Telecomm Analyst. You have to sign up for it, but it is free. thetelecommanalyst.com ________________________________________________________ Surprise Upgrade for Qualcomm QUALCOMM (QCOM): In a surprise move, analysts at Morgan Stanley Dean Witter upgraded shares of the digital wireless communications applications company to Strong Buy from Outperform on Feb. 23. (Morgan Stanley Dean Witter makes a market in QUALCOMM securities.) At issue are news reports of wireless wideband code division multiple access (WCDMA) delays, which the firm believes have triggered an overreaction by investors. Instead, investors should see this as an opportunity to buy QUALCOMM shares, supported by the fact that the analysts viewed WCDMA as a minor part of their estimates. They lowered their fiscal 2001 and 2002 EPS estimates by $0.01 and $0.10, respectively, and eliminated 100% of the anticipated WCDMA chipset exposure from their model. The analysts also note that CDMA2000, an alternative third generation (3G) standard to WCDMA, is on track, and is a proven, available and currently deployed system. The shares closed at $54.81 on Feb. 28.